Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% target.

We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.

We’re at a point where the economy is strong, inflation is coming down, and we want to keep it that way,” Waller said during an interview with CNBC on Friday. Waller has se