According to reports from Jinshi Data, Federal Reserve Governor Bowman indicated that recent employment growth data has been significantly revised downward, highlighting the reasons for the Federal Reserve to lower interest rates. The evident weakness in the labor market outweighs the risk of rising inflation in the future.
She expects to support interest rate cuts at all three remaining Federal Reserve meetings this year. As economic growth slows this year and signs of weakening in the job market become clear, it is appropriate to gradually shift from a moderately restrictive policy stance to a neutral one.