Federal Reserve Governor Michelle W. Bowman said on Monday that the U.S. central bank should consider bringing down interest rates if inflation remains contained or if data shows a weakening in labor market conditions.
The Federal Reserve kept interest rates unchanged at a range of 4.25 percent to 4.5 percent at the fourth Federal Open Market Committee (FOMC) meeting on June 18
“As we think about the path forward, it is time to consider adjusting the policy rate,” Bowman said during a June 23 speech in Prague, Czech Republic.
“As inflation has declined or come in below expectations over the past few months, we should recognize that inflation appears to be on a sustained path toward 2 percent and that there will likely be only minimal impacts on overall core PCE inflation from changes to trade policy.”…