On Wednesday, July 30, 2025, I dissented from the Federal Open Market Committee’s (FOMC) decision to maintain the target range for the federal funds rate at its current level. As the Committee’s post-meeting statement notes, I preferred to lower the target range for the federal funds rate by 25 basis points.1 Inflation has moved considerably closer to our target, after …
Read More »Statement by Vice Chair for Supervision Michelle W. Bowman
