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Federal Reserve Governor Michelle Bowman said Monday that she would favor an interest rate cut at the next policy meeting in July so long as inflation pressures stay muted.<\/p>\n
In remarks for a speech in Prague, Bowman became the second central banker in recent days to suggest that President Donald Trump’s tariffs are likely to have a temporary and muted impact on prices, thus paving the way for lower rates.<\/p>\n
“Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market,” she said in prepared remarks. “In the meantime, I will continue to carefully monitor economic conditions as the Administration’s policies, the economy, and financial markets continue to evolve.”<\/p>\n
Bowman’s comments are similar to those from fellow Governor Christopher Waller, who told CNBC on Friday that he also thinks the Fed could consider cutting in July<\/a>.<\/p>\n This is breaking news. Please refresh for updates<\/em>.<\/p>\n<\/div>\n