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flag Fed Governor Bowman warns against lowering interest rates too soon, citing potential inflation risks.

flag Federal Reserve Governor Michelle Bowman warned that inflation progress may have stalled, urging caution in lowering interest rates to avoid reigniting inflation. flag Bowman, who dissented on the September rate cut, believes the neutral interest rate level may be closer than policymakers think. flag On the other hand, Governor Lisa Cook is more optimistic, predicting inflation will drop to around 2.2% next year. flag The differing views will influence the Fed's decision at their December meeting, where the odds of a rate cut have fallen to 55%.

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