Federal Reserve Governor Bowman: Such a dramatic first rate cut could unnecessarily restore inflationary pressures
2024-09-25 12:03:34
Some Fed Reserve senior officials inflation not yet defeated saiddesk3cryptocurrencydesktopCrypto News
Some senior Fed officials have also expressed concern that inflation has not yet been beaten, with Fed Governor Bowman explaining in a statement that such a dramatic first rate cut could unnecessarily restore inflationary pressures. Bowman is understood to be the only Fed governor to vote against a rate cut last week. As of Tuesday, both inflation swaps and Treasury inflation-protected securities hinted that inflation could hover above the Fed's 2% target for years to come, if only modestly. (Kim X)
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