Federal Reserve Governors Waller and Bowman dissent over holding interest rates, citing risks to economy amid tariff impact concerns. They advocate for gradual cuts, contrasting with Trump’s call for dramatic reductions. Waller suggests cutting by up to 1.5 percentage points, while Bowman backs gradual cuts due to limited tariff impact on prices.

Trump continues to criticize Fed for not lowering interest rates, calling Chair Powell a “stubborn MORON” for not acting. He insists on significant rate cuts to stimulate economic growth, despite dissent from Fed officials advocating for more cautious, gradual reductions. The debate highlights differing views on monetary policy and economic outlook.

Read more at CNBC: Fed governors Bowman, Waller explain their dissents, say waiting to cut rates threatens economy