Trump's "faction" Federal Reserve Board member warns: Must immediately cut interest rates significantly, or it will harm the U.S. economy
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Federal Reserve Governor Michelle Bowman warned that failing to quickly and significantly cut interest rates would harm the U.S. economy. She believes the current policy interest rate of 4% to 4.25% is too high and that the pace of rate cuts needs to be accelerated to address economic downside risks. Bowman advocates for a one-time cut of 50 basis points rather than gradual adjustments, arguing that the neutral interest rate level should be reached as soon as possible
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