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Benzinga
Benzinga
Business
Vishaal Sanjay

Dissenting Fed Vice Chair Urges Rate Cuts As Jobs Data Weakens, Inflation Nears Target — Still Sees 'Three Cuts' In 2025

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Federal Reserve Vice Chair for Supervision Michelle Bowman, who dissented at last month’s Federal Open Market Committee (FOMC) meeting, reiterated her call for interest rate cuts, citing the weak jobs report early this month, and inflation nearing the Fed’s 2% target.

Risks To Jobs Outweigh Inflation Concerns

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