Federal Reserve Vice Chair for Supervision Michelle Bowman, who dissented at last month’s Federal Open Market Committee (FOMC) meeting, reiterated her call for interest rate cuts, citing the weak jobs report early this month, and inflation nearing the Fed’s 2% target.
Risks To Jobs Outweigh Inflation Concerns
Speaking at the Kansas Bankers Association 2025 on Saturday, Bowman pointed to payroll employment growth slowing sharply to “only 35,000 jobs per month over the three months ending in July,” with downward revisions to May and June figures, to once again make her case for a cut in interest rates.
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