Dramatic downward revisions to recent job-growth figures underscore why the Federal Reserve should be cutting interest rates, Fed governor Michelle Bowman said on Saturday
Wall Street JournalSaturday, August 9, 2025 at 4:15:00 PM
A Federal Reserve governor, Michelle Bowman, argued that recent sharp downward revisions to job-growth data highlight the need for the Fed to lower interest rates. Her comments follow a disappointing jobs report last week, which she says strengthens the argument for rate cuts to support the economy.
Editor’s Note: If job growth is weaker than previously thought, it could signal economic trouble ahead—making the case for the Fed to ease borrowing costs sooner rather than later. This matters because interest rate decisions affect everything from mortgages to business investments, shaping how the economy performs in the coming months.
— Curated by the World Pulse Now AI Editorial System
