Key Points
- Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the “final step” in the easing process.
- Even with the full percentage points of cuts from September through December, there are still “upside risks to inflation,” she added.
- Other Fed speakers this week provided views contrary to that of Bowman, who is generally regarded as one of the committee’s more hawkish members.
