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But the job isn’t done yet, Bowman said, with recent months’ annual inflation still closer to 3% than the Fed’s 2% target. She now sees a greater risk of inflation moving higher in 2025.
Federal Reserve Governor Michelle Bowman said on Wednesday that if high inflation does not start to wane she will continue to support aggressive rate rises aimed at taming price pressures.
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.
Bowman warned inflation progress has stalled, and suggested interest rates might already be near the neutral level. Market odds of a December rate cut dropped to 55%, down from 82% a week ago. Get ...
Fed's Bowman wants cautious, gradual rate cut path Bowman worried inflation is too high, questions tightness of policy Jobs data hard to interpret, she says Dec 6 (Reuters) - Federal Reserve ...
Federal Reserve (Fed) Board of Governors member Michelle Bowman hit newswires on Wednesday, cautioning that it appears the Fed's progress on taming inflation may have hit a snag.
Fed’s Bowman Sees Upside Inflation Risk, Signals Caution on Cuts. Cites fiscal policy, geopolitics, pressure on housing market; Powell has put rate cut on the table for September Fed meeting ...
Fed Governor Michelle Bowman says she would look for consistent evidence that "inflation is on a meaningful path down our 2% goal." The July rate hike was guided by data showing strong economic ...
FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego, California, U.S., ...
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