Tags: michelle bowman | federal reserve | rate cut

Fed's Bowman Pushes Back on Need for Rate Cuts This Year

Fed's Bowman Pushes Back on Need for Rate Cuts This Year
U.S. Federal Reserve Governor Michelle Bowman attends a "Fed Listens" event at the Federal Reserve headquarters in Washington, DC (Eric Baradat/Getty Images/2019 file)

Tuesday, 25 June 2024 08:39 AM EDT

U.S. Federal Reserve Governor Michelle Bowman said Tuesday that she still does not forecast any reduction in the central bank's benchmark interest rate this year.

"Yes, that is still my view. I have not written in further rate cuts in my statement of economic projections for the bulk of this year, I have shifted those into future years," Bowman said during a question and answer session at an event in London, when asked to confirm that she had not written in any rate cuts for the rest of 2024.

"Right now with the uncertainty of the economic outlook and what the data is telling us, we are in a good place right now to understand how that might evolve."

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
U.S. Federal Reserve Governor Michelle Bowman said Tuesday that she still does not forecast any reduction in the central bank's benchmark interest rate this year.
michelle bowman, federal reserve, rate cut
119
2024-39-25
Tuesday, 25 June 2024 08:39 AM
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