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The Federal Reserve Board of Governors member Bowman: supports starting interest rate cuts in September, should cut rates three times this year.
The Federal Reserve Board of Governors member Bowman stated that the recent employment growth data has been significantly revised downward, highlighting the reasons for the Fed to lower interest rates. The noticeable weakness in the labor market outweighs the risks of rising inflation in the future, and she expects to support interest rate cuts in all three remaining meetings of the Fed this year.