Fed’s Bowman Says That Time for Rate Cut Is ‘Certainly Not Now’
- She also repeated her criticism of plan to boost bank capital
- Fed Gov. Michelle Bowman spoke during event in Washington
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Federal Reserve Governor Michelle Bowman argued on Wednesday that the current economic environment doesn’t warrant the central bank cutting interest rates.
“Certainly not now,” Bowman said Wednesday while answering a question about rate cuts at an event in Washington.