Fed Governor Bowman Advocates for Three Rate Cuts This Year

Federal Reserve Governor Michelle Bowman indicated that the latest weak jobs report supports her stance for three interest rate cuts this year. She also expressed growing confidence that Trump-era tariffs won’t cause long-term inflation spikes and expects inflation to trend closer to the Fed’s 2% target.

Editor’s Note: This matters because Bowman’s comments signal potential relief for borrowers and investors, suggesting the Fed may ease rates to support economic growth while keeping inflation in check. It’s a reassuring sign for markets hoping for lower borrowing costs.

Federal Reserve Governor Michelle Bowman stated that the latest jobs data reinforces the case for three interest rate cuts in 2025, signaling a potential shift in monetary policy to support economic growth.

Federal Reserve Governor Michelle Bowman signaled support for three interest-rate cuts in 2024, a move that could lower borrowing costs for consumers and businesses. She also announced plans to host a community bank conference in October, highlighting ongoing engagement with smaller financial institutions.

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.