Federal Reserve Governor Bowman: The "fragile" job market proves that the Federal Reserve has reason to further cut interest rates
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Federal Reserve Governor Bowman stated that due to the weakening job market and inflation nearing the target, the Federal Reserve has reason to further cut interest rates. She pointed out during an event at Georgetown University that the inflation rate is within the 2% target range, but the labor market is weaker than expected, and the impact of tariffs on price increases may be temporary. Bowman emphasized that policymakers need to act decisively to avoid falling behind the economic situation, and faster interest rate cuts may be needed in the coming months
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