Reported 11 months ago
Federal Reserve Governor Michelle Bowman emphasized that she is not yet ready to support a rate cut as inflation remains elevated, stating the current interest rate stance is 'restrictive' and inflation should cool even without changes in monetary policy. Bowman mentioned that a rate cut may be considered if inflation moves sustainably towards the 2% goal, but for now, she sees risks of inflation increasing and remains open to raising rates in the future. Her remarks align with the Fed's focus on inflation retreat, with expectations of a possible rate cut by the September meeting, although Bowman sees no cut this year and potential easing next year.
Source: YAHOO