Back
Fed Governor Bowman Expects Two More Rate Cuts This Year

Fed Governor Bowman Expects Two More Rate Cuts This Year

Federal Reserve Governor Milan projects two additional rate cuts for 2024, stressing that the pace toward a neutral rate will depend on inflation expectations.

Fact Check
Multiple sources from August 2025 (Fortune, Fox Business) explicitly corroborate that Governor Bowman's outlook was for a total of three interest rate cuts in 2025. Given that sources also indicate she voted for a rate cut in late July/early August and the Fed did cut rates by September, the statement that she expects 'two more' cuts for the remainder of the year is a logical and well-supported conclusion.
    Reference: 12
Summary

Federal Reserve Governor Milan stated that two interest rate cuts in 2024 appear realistic. He emphasized differing views among Fed officials on the pace toward a neutral rate and noted that policy should follow the Fed’s inflation expectations over the next year.

Terms & Concepts
  • Interest Rate Cut: A monetary policy action where a central bank lowers the benchmark interest rate to stimulate economic activity.
  • Federal Reserve: The central banking system of the United States, responsible for setting monetary policy and regulating financial institutions.