Federal Reserve Governor Bowman reiterates that interest rate cuts would be appropriate if inflation continues to slow
2024-08-20 18:13:42
League of America Reserve Board members Bowman reiterate that if inflation continues it will slow downdesk3cryptocurrencydesktopCrypto News
Fed Governor Bowman reiterated that a rate cut would be appropriate if inflation continues to slow; that there has been some recent progress in reducing inflation, but it remains disturbingly above the Committee's 2 percent target; that unemployment, despite rising, remains historically low; and that there are still upside risks to inflation.
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