The Federal Reserve’s Michelle Bowman backs three cuts to interest rates this year
NEW YORK (AP) Federal Reserve official Michelle Bowman expressed that the recent disappointing U.S. job market report reinforces her view that interest rates should be lowered to stimulate the economy. Despite her dissenting vote for a rate cut, the Fed's majority opted to maintain rates steady, amid concerns over inflation and the potential economic impact of President Trump's tariffs. Want More Context? 🔎
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