Learn English: Fed Governor Thinks Interest Rate Cuts Should Stop (normal)

14 hours, 37 minutes ago

Fed Governor Thinks Interest Rate Cuts Should Stop

Federal Reserve Governor Michelle Bowman thinks the recent interest rate cuts are sufficient for now.

She's worried that inflation, the increase in prices, is still too high, even after the cuts.

Bowman sees the current interest rate as a balance, neither speeding up nor slowing down the economy.

Although inflation has decreased, she suggests caution against further cuts due to potential risks.

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Source

Original: CNBC

Tags

#Federal Reserve #Interest Rates #Inflation #Monetary Policy #Michelle Bowman

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