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Bowman Backs Two Cuts in ’25, Sees Job Weakening as Key Driver
Bowman shifts toward easing, emphasizes employment risks.
Fed Governor Michelle Bowman affirmed her view that two more interest rate cuts will be appropriate in 2025, citing signs of labor market softness. She said that the recent downward shift in inflation is welcome but that employment risks now carry more weight. Bowman also argued tariffs are less likely to generate persistent inflation than previously feared. Her stance aligns with market expectations for easing in October and December.