--- title: "Federal Reserve Governor Michelle Bowman continues to express \"dovish\" sentiments, willing to accept a 25 basis point rate cut in December" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/265223289.md" description: "Federal Reserve Governor Michelle Bowman stated that if the economic outlook does not change significantly, she may support a 25 basis point rate cut at the December meeting, but believes there is a stronger case for a 50 basis point cut. She emphasized that monetary policy should be based on future economic assessments rather than current data, and believes the housing market is key to evaluating policy easing. The Federal Reserve will hold an interest rate decision meeting in December to continue weighing the risks of price stability against full employment" datetime: "2025-11-10T22:25:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265223289.md) - [en](https://longbridge.com/en/news/265223289.md) - [zh-HK](https://longbridge.com/zh-HK/news/265223289.md) --- > 支持的语言: [English](https://longbridge.com/en/news/265223289.md) | [繁體中文](https://longbridge.com/zh-HK/news/265223289.md) # Federal Reserve Governor Michelle Bowman continues to express "dovish" sentiments, willing to accept a 25 basis point rate cut in December On Monday, Federal Reserve Governor Michelle Bowman reiterated that if there are no significant changes in the economic outlook, she may support a 25 basis point rate cut at the December meeting, but still believes there is a stronger case for a 50 basis point cut. According to a report from Zhitong Finance APP last week, Bowman stated that the continued growth of stablecoins could significantly lower the "neutral interest rate" in the future. This change implies that the Fed's policy rate should also be adjusted downward accordingly, or it will create contractionary pressure on the economy. In an interview, Bowman stated, "Nothing is certain at this point. From now until December, we may receive new data that could change our judgment. But unless new information prompts me to adjust my forecast, I still believe a 50 basis point cut is appropriate, and at least a 25 basis point cut should be made." The Fed governor, appointed by Trump, voted against the last two policy meetings, advocating for a larger rate cut. Her latest remarks indicate that if the economic situation does not deteriorate significantly, she may support maintaining the same magnitude of rate cuts. Bowman emphasized that monetary policy decisions should be based on judgments about the future economy, rather than current inflation or employment data. "If we base our policy on current data, it means we are looking backward, as it takes 12 to 18 months for policy to transmit to the economy." She also pointed out that the market generally uses stock market performance and credit spreads as indicators of financial conditions, which is not comprehensive. The housing market is the key to assessing whether monetary policy is truly easing. Bowman stated, "The impact of housing on economic growth, the labor market, and price targets is far greater than that of the stock market." She noted that the current overall inflation level is partly pushed up by certain "estimated items," especially housing costs. Excluding more volatile items, core price growth is actually closer to the Fed's 2% target. She believes this means policymakers should not overly worry about temporary inflation exceeding targets, but should focus on more representative price trends. The Fed will hold its next interest rate decision meeting in December. At that time, officials will continue to weigh the risks on both ends of the "dual mandate": price stability and full employment. Although inflation has fallen from its peak, it has remained above the 2% target for nearly five years; while there are signs of cooling in the labor market, the unemployment rate has not significantly risen. Chairman Jerome Powell stated after the October meeting that further rate cuts are "not a done deal." Several officials have recently leaned towards keeping rates unchanged in December, while acknowledging that the government shutdown has delayed the release of a large amount of economic data, making it more difficult to assess the true state of the economy. San Francisco Fed President Mary Daly pointed out in a blog post on Monday that policymakers should "keep an open mind" and observe the persistence of changes in labor supply, investment, and tariff-related prices. She did not explicitly express support for action in December but emphasized the importance of distinguishing between short-term price fluctuations and long-term structural changes ## 相关资讯与研究 - [Buffett says he doesn't know if he would cut interest rates if he were at the Federal Reserve](https://longbridge.com/zh-CN/news/281187110.md) - [Why rising oil prices could delay Fed rate cuts in 2026](https://longbridge.com/zh-CN/news/281055979.md) - [There Is No Housing Shortage: What Legendary Investor Michael Burry Really Thinks Is Wrong with the U.S. Housing Market](https://longbridge.com/zh-CN/news/281198780.md) - [BioSyent’s FeraMAX Tops Canadian Iron Supplement Rankings for 11th Straight Year](https://longbridge.com/zh-CN/news/281391664.md) - [St Louis Fed's Musalem: Need to verify the waning of tariff inflation](https://longbridge.com/zh-CN/news/281378975.md)