Michelle Bowman is a Governor on the Board of the U.S. Federal Reserve and as such has a permanent vote on the Federal Open Market Committee (FOMC).
Bowman was speaking at a bankers’ conference in Colorado Springs, on Saturday. The Wall Street Journal (gated) report:
- the apparent weakening in the labor market outweighs the risks of higher inflation to come
- expects to support three rate cuts over the Federal Reserve’s three remaining meetings this year
- “With economic growth slowing this year and signs of a less dynamic labor market becoming clear, I see it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting”
I posted the news over the weekend here ICYMI:
