Reported about 14 hours ago
Federal Reserve Governor Michelle Bowman expressed her support for the December interest-rate cut as the last step in recalibrating the U.S. central bank's monetary policy, calling for a cautious approach amid rising inflation risks. In her remarks at a California bankers event, she emphasized the importance of awaiting clarity on the incoming administration's policies and highlighted the need for a more pragmatic approach in banking regulation while noting her hawkish stance on inflation concerns.
Source: YAHOO