Fed Governor Bowman reiterated that if inflation continues to slow, rate cuts would be appropriate
Federal Reserve Board Member Bowman reiterated that if inflation continues to slow, a rate cut would be appropriate; some progress has been made recently in reducing inflation, but the inflation level is still uncomfortably above the committee's 2% target; although the unemployment rate has risen, it is still at a historically low level; there is still a risk of upward inflation.
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