Fed Governor Michelle Bowman anticipates declining inflation with current rates and is cautious about rate cuts.
Fed Governor Michelle Bowman expects inflation to continue declining with current interest rates and is cautious about rate cuts. She will assess the policy path by monitoring incoming data and may consider lowering rates if inflation approaches the 2% target. However, she believes it's too soon for rate cuts and that reducing rates prematurely could require future rate hikes. Her concerns include potential upside risks to inflation, bank fee and merger policies, and making the Fed's discount window more efficient.
February 27, 2024
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