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A single dissent on the Federal Reserve’s interest-rate committee garnered loads of consideration final week. Understandably so. It marked the primary time since 2005 {that a} Fed governor had opposed a fee determination. Michelle Bowman’s disagreement highlighted considerations {that a} half-percentage-point lower could be extreme for an economic system but to conquer inflation. However, her 11 different voting colleagues all supported the lower—a sign of near-total unanimity on the place the Fed ought to set charges at this time.
