Fed Governor Bowman says December interest rate cut should be the last

Fed Governor Bowman says December interest rate cut should be the last


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.



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