Bowman said she is getting more confident that Trump's tariffs “will not present a persistent shock to inflation” and sees it moving closer to 2%.
Fed governor breaks ranks and says rate cuts could resume next month to prevent further cracks in the job market
June 21, 2025
Fed board member and possible Powell replacement says bank should cut rate this month because growth is slowing ‘significantly’
BY CHRISTOPHER RUGABER AND ASSOCIATED PRESS
July 18, 2025
Citing sharp downward revisions to U.S. job growth, Bowman reiterated her forecast for three cuts this year while warning that…
Because tariff effects may be smaller than expected
Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.
The resignation of FOMC member Adriana Kugler also opens the door for a more dovish Fed shift.
Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.
Treasury Secretary Scott Bessent is pushing for 50 bps to offset missed opportunities earlier this summer, but some analysts warn…
