Central Banks
Fed’s Bowman Urges Cautious Approach to Further Rate Cuts
- Bowman dissented from Fed’s 50-basis-point cut in September
- She sees risk rates dip below neutral before price goal is met
This article is for subscribers only.
Federal Reserve Governor Michelle Bowman said she wants to move cautiously on further interest-rate cuts because progress in reducing inflation has slowed.
“I would prefer to proceed cautiously in bringing the policy rate down to better assess how far we are from the end point, while recognizing that we have not yet achieved our inflation goal and closely watching the evolution of the labor market,” Bowman said in remarks to the Forum Club of the Palm Beaches in West Palm Beach Florida Wednesday.