Bowman is latest Fed member to call for July rates cut
Vice-chair for supervision joins Waller in saying risks to growth outweigh risks to inflation
Michelle Bowman has become the latest member of the Federal Reserve board to suggest the US central bank could cut rates as early as next month.
In a speech yesterday (June 23) at a conference organised by the Czech National Bank in Prague, the Fed’s vice-chair for supervision said it was “time to consider adjusting the policy rate”.
Bowman said there had not been any significant impact on inflation from “trade developments or other factors”.
“It appears that any upward pressure from higher tariffs
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