Fed Official Bowman Advocates for Rate Cuts Amid Dour Jobs Data
TL;DR Summary
Fed Governor Michelle Bowman is advocating for faster interest rate cuts due to concerns over a weakening labor market and economic slowdown, signaling a potential shift in Fed policy ahead of the September meeting, with markets expecting a quarter-point reduction.
Topics:business#economy-and-politics#federal-reserve#interest-rates#labor-market#michelle-bowman#rate-cuts
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- Fed’s Bowman Calls for Community Bank Reform, Favors Rate Cuts Bloomberg.com
- Fed’s Bowman Backs a September Rate Cut The Wall Street Journal
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