Reported about 16 hours ago
Michelle Bowman, the Federal Reserve's vice chair, indicated that recent weak job data has reinforced her concerns about job market instability and strengthened her forecast for three interest rate cuts in 2025. Despite dissenting against the Fed's decision to maintain current borrowing costs, she expressed that shifts in labor demand and the latest employment figures support a cautious approach to monetary policy, particularly in light of potential economic downturns.
Source: YAHOO