Reported 20 days ago
Federal Reserve Governor Michelle Bowman emphasized the need for caution in lowering interest rates, citing persistent inflation above the 2% target. Speaking at a conference, she highlighted that inflation concerns overshadow the labor market, urging gradual rate reductions while acknowledging the potential risks of rapid cuts leading to renewed inflation. Despite recent job market changes, Bowman remains focused on maintaining careful policy adjustments as officials prepare for upcoming meetings to assess borrowing costs.
Source: YAHOO