Reported about 13 hours ago
Federal Reserve Governor Michelle Bowman emphasized a cautious approach regarding future interest rate cuts, citing persistent inflation concerns and a robust labor market. After a recent quarter-point reduction brought the rate to 4.50%-4.75%, Bowman expressed her support but stressed the need for careful assessment of economic conditions. She noted that the neutral policy rate might be higher than pre-pandemic levels and suggested that the Fed might not be obligated to enact further cuts despite market expectations.
Source: YAHOO