Federal Reserve Governor Bowman: Supports Starting Rate Cuts in September, Recommends Three Cuts This Year
According to ChainCatcher, citing Jinshi Data, Federal Reserve Governor Bowman stated that the recent significant downward revision in employment growth data highlights the reasons why the Fed should cut interest rates. The evident weakness in the labor market outweighs the risk of future inflation rising, and she expects to support rate cuts at each of the remaining three Fed meetings this year. As economic growth slows this year and signs of a weakening job market become clearer, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethiopia Suspends Issuance of New Power Permits to Crypto Mining Companies Due to Capacity Constraints
Thumzup Media Corporation Announces Update to Proposed Public Offering Terms
Nesa launches a decentralized AI reputation system based on deep reinforcement learning
Ethiopia Suspends Issuance of New Power Permits to Crypto Mining Companies
Trending news
MoreCrypto prices
More








