
Federal Reserve Governor Bowman: Progress towards achieving the inflation target appears to have stalled

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Federal Reserve Governor Bowman stated that inflation remains above the 2% target, and progress on interest rate cuts appears to have stalled. She is cautious about lowering interest rates, emphasizing that the inflation target has not yet been achieved and is paying attention to changes in the labor market. Bowman believes that the neutral policy interest rate is higher than pre-pandemic levels, and while interest rate cuts are not constrained, there are greater risks to price stability
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