Governor Michelle Bowman notes the Fed should be ready to cut rates as tariff impacts ease, with inflation falling, steady growth, and a stable labor market expected.
Federal Reserve Governor Michelle Bowman reiterated that the central bank should remain prepared to cut interest rates, stressing readiness as tariff-driven inflation pressures subside. She projected steady economic growth, declining inflation, and a stable employment environment. Bowman also emphasized the importance of the Fed’s independence in making difficult policy decisions, reinforcing the need to keep options open amid changing economic conditions.