💸 Michelle Bowman's Position on Interest Rates
• The Fed Governor favors a 50 basis point rate cut, considering that the current monetary policy is too restrictive and increases the risk of a slowdown.
• She argues that policy should not overly emphasize the strength of financial markets (equities and corporate credit).
• Interest-sensitive sectors, such as housing, are underperforming despite the stock market rebound.
"Financial markets are driven by many factors, not just monetary policy."
-Michelle Bowman
