NEW YORK (AP) — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower. Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could …
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Fed’s Bowman Backs a September Rate Cut – The Wall Street Journal
Fed’s Bowman Backs a September Rate Cut The Wall Street Journal US Fed’s Bowman: Latest jobs data stiffens support for three rate cuts in 2025 Reuters Fed’s Bowman Calls for Community Bank Reform, Favors Rate Cuts Bloomberg.com Fed’s Bowman makes case for 3 interest rate cuts in 2025 after voting against July hold Yahoo Finance A top Federal Reserve official says dour jobs data …
Read More »Statement by Vice Chair for Supervision Michelle W. Bowman
On Wednesday, July 30, 2025, I dissented from the Federal Open Market Committee’s (FOMC) decision to maintain the target range for the federal funds rate at its current level. As the Committee’s post-meeting statement notes, I preferred to lower the target range for the federal funds rate by 25 basis points.1 Inflation has moved considerably closer to our target, after …
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