Reported about 16 hours ago
Federal Reserve governor Michelle Bowman stated that she supported the December interest rate cut as the 'last step' in the Fed's policy recalibration. Concerned about the potential stalling of inflation reduction, Bowman indicated she could have favored a pause in rate changes but opted for the cut to maintain a cautious and gradual approach in monetary policy. As discussions continue regarding future rate adjustments amidst economic strength and inflation risks, Bowman emphasized the need for regulatory tailoring for community banks and a patient outlook on the incoming administration's policies.
Source: YAHOO