Fed Chair Jerome Powell has come under pressure from President Trump to lower interest rates. AP “Nothing is burning on either side such that it suggests there’s a rush to act,” he said.

Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed ...

Bowman’s openness to cutting rates soon is joined by that of Fed Governor Christopher Waller, who said in a television interview Friday he’d also consider a rate cut at the July 29-30 meeting.

Fed minutes may reveal splits on rate cuts as Trump’s new tariffs fuel inflation risk. Traders brace for volatility in bond ...

Bowman joins fellow Fed governor Christopher Waller in calling for a cut at the Fed's next policy meeting on July 29-20. Waller on Friday told CNBC that "we could do this as early as July." ...

“Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting,” which is scheduled for July 29-30. Bowman, who was appointed to the Fed’s board of ...

Inflation has steadily cooled this year despite widespread concerns among economists that Trump's tariffs would boost prices. The consumer price index ticked up just 0.1% from April to May, the ...

Michelle Bowman, who was appointed to the Fed's board of governors by Donald Trump in 2018, is the second high-profile official to express support for a potential July cut in as many days.