The Federal Reserve cut its key interest rate by 0.5 percent, or 50 basis points, on Tuesday, thrusting it into the center of a political firestorm. Donald Trump quickly weighed in to suggest that the panel could be “playing politics” with its decision,

Federal Reserve Governor Michelle Bowman dissented against Wednesday’s decision for a half percentage point interest-rate cut in favor of a smaller quarter-point cut. Bowman, who was appointed to the board by Donald Trump in 2018,

Donald Trump has argued that the Fed would only cut interest rates close to the election to help his political opponents.