On the 25th, Federal Reserve Governor Michelle Bowman stated in a media interview that there is great hope for achieving a 3% growth rate in the second half of 2025.
She indicated that her outlook on economic growth is likely more optimistic than that of many at the Federal Reserve. Economists need to remain humble about expectations regarding artificial intelligence.
She also mentioned that the influx of tariff revenues is suppressing the neutral interest rate, and immigration is also putting downward pressure on the neutral interest rate.
<blockquote>
“I believe that interest rates are too restrictive, by a margin of 150-200 basis points. I hope to get significantly closer to the neutral interest rate in the next six months.”
</blockquote>
She noted that significant fluctuations in population will have substantial consequences. Changes in tax and regulatory policies boost growth potential. The longer the Federal Reserve's restrictive policies last, the greater the economic risks.
More news will be updated continuously

- Newly appointed Federal Reserve Governor Milan advocates for immediate and aggressive interest rate cuts to prevent economic damage, arguing current rates are excessively restrictive.  
- He suggests a reduction of 150 to 200 basis points to reach a neutral rate, contrasting with the recent 25 basis point cut, which he opposed, favoring a more substantial 50 basis point decrease instead.  
- Milan's views highlight internal divisions within the Federal Reserve, as other officials, like Chicago Fed President Goolsbee, express caution regarding rapid rate cuts amid inflation concerns.

Wallstreetcn

Federal Reserve Governor Michelle Bowman: There is a good chance of achieving a 3% growth rate in the second half of 2025, with tariffs and immigration putting downward pressure on the neutral interest rate