Fed's Bowman: We're not at a point yet to consider a rate cut

  • Comments from Bowman
Michelle Bowman Fed
Michelle Bowman
  • If inflation moves towards 2%, eventually a rate cut is on the table
  • Monetary policy is currently restrictive
  • Inflation should ease with current policy setting
  • Upside risks to inflation persist
  • Economy strong but activity has moderated
  • Still willing to raise rates again if inflation doesn't rise

Bowman is a hawk so her comments aren't a surprise.

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