JD Vance misrepresented a Federal Reserve speech as a study to claim immigrants worsen housing affordability, illustrating how rhetoric can obscure the truth on economic challenges.
Michelle Bowman, a Federal Reserve governor appointed by Trump, is gaining attention for her conservative stance amid low-profile beginnings as a community banker and Bush administration adviser.
Despite lacking macroeconomic credentials, Bowman's dissenting vote on interest rate policy in September reflects her increasing prominence and willingness to challenge conventional Fed decisions.
Bowman's rise in the Fed illustrates a shift in its political landscape, as her background contrasts sharply with traditional economists often leading the central bank's discussions.
Collection
[
|
...
]