Federal Reserve Governor Bowman: Supports starting rate cuts in September, should cut rates three times this year

ChainCatcher news, according to Jinshi Data, Federal Reserve Governor Bowman stated that recent employment growth data has been significantly revised downward, highlighting the reasons for the Federal Reserve to lower interest rates. The noticeable weakness in the labor market outweighs the risks of rising inflation in the future, and she expects to support interest rate cuts in all three remaining meetings of the Federal Reserve this year. As economic growth slows this year and signs of weakening in the job market become clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.