Reported 20 days ago
Federal Reserve Governor Michelle Bowman expressed concerns about inflation and the labor market during her first public remarks as a policymaker. Speaking at a Missouri Bankers Association conference, she emphasized the need for cautious and gradual rate cuts, given that core inflation remains above the Fed's target and the job market data has become difficult to interpret. Despite recent positive job growth, Bowman highlighted the ongoing risks to price stability and questioned the idea that current interest rates are restrictive enough on the economy.
Source: YAHOO