Federal Reserve Governor Bowman: Supports Starting Rate Cuts in September, Recommends Three Cuts This Year
According to ChainCatcher, citing Jinshi Data, Federal Reserve Governor Bowman stated that the recent significant downward revision in employment growth data highlights the reasons why the Fed should cut interest rates. The evident weakness in the labor market outweighs the risk of future inflation rising, and she expects to support rate cuts at each of the remaining three Fed meetings this year. As economic growth slows this year and signs of a weakening job market become clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.
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