The Federal Reserve Board of Governors Bowman hinted: may support a rate cut in July

Gate News bot news, The Federal Reserve Board of Governors Bowman stated: "If inflationary pressures are controlled, I will support dropping the policy interest rate as soon as possible at the next meeting to bring it closer to neutral levels and maintain a healthy labor market." Bowman has been very focused on inflation risks over the past year. She said she believes tariffs may lead to a "slight and one-time rise" in prices, as she expects this year's economic weakness to worsen.

She described the labor market as solid and expected to be close to full employment. However, she cited evidence of fragility (weakening labor market vitality, slowing economic growth, and narrow concentration of job growth), demonstrating that the Federal Reserve "is increasingly focused on the downside risks to our future employment task." This is the first substantial comment on the economic outlook from Bowman since Trump's election, as she was confirmed by the Senate this spring as Vice Chair for Supervision.

Source: Jinshi