Federal Reserve Governor Michelle Bowman expressed support for multiple interest-rate cuts this year, citing weak labor-market data and recent dissenting views from other policymakers. She had previously backed steady rates through June but voted in July to cut them by a quarter-percentage-point. Bowman’s comments suggest the Fed may reconsider its stance on interest rates amid weakening economic conditions.
Source: https://www.bloomberg.com/news/articles/2025-08-09