Federal Reserve Governor Bowman: Supports interest rate cuts starting in September, expects three cuts this year

According to reports, Federal Reserve Governor Bowman noted that recent employment growth data has been significantly downgraded, indicating the necessity for the Fed to cut interest rates. She predicts that as economic growth slows and the job market shows increasing signs of weakness this year, the Fed needs to gradually shift to a neutral stance and moderately ease policy, and all three remaining meetings this year may support interest rate cuts.