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Federal Reserve governor Michelle Bowman says bank should consider cutting rate in July
Because tariff effects may be smaller than expected
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cnbc.com
Fed Governor Bowman favors July interest rate cut if inflation stays low
Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.
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nytimes.com
Second Fed Official Indicates Support for Faster Rate Cuts
Comments from two officials, both appointed by President Trump, suggest a split among policymakers.
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fortune.com
Federal Reserve governor Michelle Bowman says bank should consider cutting rate in July
Because tariff effects may be smaller than expected
- ·
Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.