Fed Governor Critiques Rate Cut
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Federal Reserve Governor Michelle BowmanCNBC
•Fed Governor Bowman explains dissent on rate vote, says she's worried about inflation
81% Informative
Bowman was the lone dissenter from the Federal Open Market Committee's decision to lower benchmark interest rates for the first time in more than four years .
Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed 's twin goals of achieving low inflation and full employment.
Bowman : The jumbo cut "could be interpreted as a premature declaration of victory on our price-stability mandate".
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