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Benzinga
Benzinga
Business
Namrata Sen

Fed Governor Michelle Bowman Backs July Rate Cut, Citing 'Contained' Inflation Pressure: 'Impact Of Tariffs...May Take Longer'

Michelle Bowman Inflation US Federal Reserve Reserve Christopher Waller Donald Trump Jerome Powell
Fed,,Federal,Reserve,With,Interest,Rate,Cut,Concept,,Small,Cube

Federal Reserve Governor Michelle Bowman has expressed her support for a potential interest rate cut in July, provided that inflation remains subdued.

What Happened:  Bowman, during a speech in Prague, suggested that an interest rate cut at the upcoming July meeting would be appropriate if inflationary pressures remain low, reported CNBC on Monday.

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