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The report, commissioned by Trump ally Michelle Bowman, blamed bank-supervision staff in the Biden era.
Michelle Bowman, the central bank's vice chair for supervision, is slashing staff, changing rules and adding to the tension at the Fed in the process.
Last week's gloomy jobs report emphasizes the case for a cut, the Fed governor says.
Until Wednesday, no Fed meeting this year generated formal opposition, with only two dissents occurring in 2024 and none in 2023.
Possible dissents by Christopher Waller and Michelle Bowman would mark the first time in three decades that more than one Fed governor dissented at a policy me…
President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman to be the central bank's top bank supervisor, a White House official confirm…
The former Kansas bank regulator has been at the Fed since 2018, and was appointed by Trump.
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