Lates News

Chris Zaccarelli, Chief Investment Officer of Northlight Asset Management, said, "Interestingly, both Waller and Bowman have held onto consensus - despite competing for the position of Federal Reserve Chair - while the newest member, Milan, has gone beyond them with a more dovish dissent of 50 basis points. They may be trying to position themselves as more serious members of the Federal Reserve, hoping for a 25 basis point rate cut, but not believing it is necessary to take aggressive measures with a large rate cut."