Federal Reserve Governor Bowman: Prefers to cautiously and gradually lower interest rates

ChainCatcher news, according to Caixin, Federal Reserve Governor Bowman stated that inflation is the top priority in decision-making. There is a tendency to cautiously and gradually lower interest rates, as a rapid reduction in the policy rate could reignite inflation. The inflation rate is still above the Federal Reserve's 2% target, and the risks of inflation rising remain prominent.