Fed's Bowman, Worried by Inflation, Calls for Caution on Rate Cuts

THE FED - Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on central bank rate cuts.

“I continue to see greater risks to the price stability side of our mandate, especially when the labor market continues to be near full employment,” Bowman said at an appearance before the Missouri Bankers Association Executive Management Conference.

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