"It's very important that we maintain our independence with respect to monetary policy," Michelle Bowman, vice chair for supervision at the Federal Reserve, said on Tuesday during a broadcast ...

The Fed’s preferred inflation gauge showed a rate of 2.4% in November but was at 2.8% when excluding food and energy, a core measure that officials see as a better long-run indicator.

There were some signs of splits in the Fed’s ranks: Governors Christopher Waller and Michelle Bowman voted to reduce borrowing costs, while nine officials, including Powell, favored standing pat.

In June, Trump began to etch the legacy of his second term on the Fed by elevating Michelle Bowman to lead banking regulation as a vice chair on the central bank’s Board of Governors.

Two of the Fed’s Republican governors, Christopher Waller and Michelle Bowman, have backed Trump’s call for a rate cut as soon as this week's meeting and they could dissent, said JPMorgan ...

Two of the Fed’s Republican governors, Christopher Waller and Michelle Bowman, have backed Trump’s call for a rate cut as soon as this week's meeting and they could dissent, said JPMorgan ...

Based on their public comments in the past two months, it's possible that governors Christopher Waller and Michelle Bowman could vote against leaving the short-term rate at about 4.3%.