Fed’s Bowman Pushes for Immediate Rate Cuts Citing Weak Jobs Data
Fed’s Bowman Pushes for Immediate Rate Cuts Citing Weak Jobs Data A top Federal Reserve official, Michelle Bowman, has intensified her call for interest rate reductions, asserting that the latest weaker-than-expected U.S. jobs report significantly strengthens the argument for lower rates. Speaking Saturday, Bowman, who was one of two dissenting votes at the recent Fed meeting favoring rate cuts, reiterated her belief that the central bank should implement three rate cuts before the end of 2025. This stance comes after…