Fed’s Bowman Advocates for Rate Cuts and Bank Reforms in 2025
TL;DR Summary
Federal Reserve Gov. Michelle Bowman advocates for three interest rate cuts in 2025 due to signs of labor market fragility and slowing economic growth, dissenting from the Fed's decision to keep rates unchanged, citing a need to reflect shifting economic conditions and mitigate risks to labor markets and economic activity.
Topics:business#economic-conditions#economy#federal-reserve#interest-rates#michelle-bowman#rate-cuts
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