All articles tagged with #michelle bowman
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.
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.
Federal Reserve official Michelle Bowman advocates for an interest rate cut as early as July, citing minimal impact from tariffs and trade negotiations, and discusses potential reforms to banking regulations to support economic growth. She highlights concerns about labor market fragility and the need to consider downside risks in policy decisions.
Federal Reserve Governor Michelle Bowman, previously an advocate for tight monetary policy, indicated that interest rate hikes are likely over but she's not ready to start cutting yet. She noted progress against inflation and suggested that the policy rate should be held at the current level for some time. Bowman emphasized the need to remain cautious and flexible in considering future changes in policy, with a willingness to raise the federal funds rate if inflation data reverse. The Fed's next meeting is expected to maintain rates, with potential cuts beginning in March.
Fed governor Michelle Bowman has suggested that the central bank should continue raising interest rates due to high inflation and a tight labor market, indicating a split within the rate-setting committee. Despite acknowledging that interest rates are now at a restrictive level, Bowman believes that the Fed is not making enough progress in slowing down economic activity and inflation.