Fed "Hawk King" warns of rising inflation risks, implying a cautious stance on rate cuts

The "hawkish" warning from the Federal Reserve about the risk of rising inflation suggests a cautious stance on interest rate cuts. Bowman stated that the progress made in lowering inflation in May and June was welcomed, but inflation still remains above the 2% target, which is concerning. She believes that U.S. fiscal policy, immigration, and geopolitical risks could put pressure on inflation. She pointed out that the rise in unemployment is mainly due to weak hiring, and the layoff rate remains low. Bowman believes that there are risks in waiting too long to cut interest rates, and gradually lowering rates would be appropriate if inflation data continues to improve. Officials will receive new data before the September meeting