> Following the statement by The Federal Reserve Board of Governors Waller supporting a rate cut in July, another governor, Bowman, recently pointed out that she would support a rate cut as early as July if inflationary pressures remain under control.
Written by: He Hao
Source: Wall Street Insights
Following Waller, another Federal Reserve official has expressed support for a rate cut next month. It is worth mentioning that both of these governors were appointed by Trump during his first term.
On Monday, The Federal Reserve Board of Governors member Bowman stated that if inflationary pressures remain controlled, she would support a rate cut as early as July, as the risks in the labor market may rise, while inflation seems to be stabilizing towards the Federal Reserve's 2% target:
> If inflation pressures remain controlled, I would support lowering the policy interest rate at the next meeting to bring it closer to neutral levels while maintaining a healthy labor market.
> As the Federal Reserve (FED)