Federal Reserve Governor Bowman: Hope to see more progress on inflation before interest rate cuts
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Federal Reserve Governor Bowman stated that she hopes to see more progress on inflation issues before further interest rate cuts. She believes that despite a strong economy, there are still upward risks to inflation, and price stability is more concerning than the labor market. Bowman mentioned that the current policy setting provides an opportunity to review economic activity and emphasized the importance of awareness regarding policy implementation. She tends to favor a cautious and gradual approach to adjusting policies and is focused on the rise in long-term U.S. Treasury yields
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