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Federal Reserve Vice Chair Publicly Sings 'Dove': Possible Rate Cut as Early as July
Federal Reserve Vice Chair Bowman made dovish remarks, suggesting that a rate cut could occur as early as July due to inflation nearing the 2% target and rising risks in the job market. She believes that tariffs have a limited impact on inflation and supports adjusting interest rates to neutral levels to maintain stability in the labor market.
Last week, the Federal Reserve kept interest rates unchanged at 4.25%-4.5%, taking a wait-and-see approach amid uncertainties surrounding Trump's trade policies. Both Bowman and Governor Waller are open to a rate cut in July, while Trump continues to pressure for a rate reduction. Bowman is optimistic that inflationary pressures are manageable, with core PCE inflation trends nearing the target, but warns that vulnerabilities in the labor market may worsen.
Federal Reserve Vice Chair Bowman made dovish remarks, suggesting that a rate cut could occur as early as July due to inflation nearing the 2% target and rising risks in the job market. She believes that tariffs have a limited impact on inflation and supports adjusting interest rates to neutral levels to maintain stability in the labor market.
Last week, the Federal Reserve kept interest rates unchanged at 4.25%-4.5%, taking a wait-and-see approach amid uncertainties surrounding Trump's trade policies. Both Bowman and Governor Waller are open to a rate cut in July, while Trump continues to pressure for a rate reduction. Bowman is optimistic that inflationary pressures are manageable, with core PCE inflation trends nearing the target, but warns that vulnerabilities in the labor market may worsen.
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