Federal Reserve Governor Michelle Bowman has publicly called for the US central bank to implement multiple interest rate cuts before 2025 ends. Michelle’s statement comes amid a monetary policy stalemate between US President Donald Trump and Fed Chairman Jerome Powell.

Rate Cuts Will Reduce Labor Market Erosion – Bowman

In the past few months, the US Federal Reserve has opted to hold interest rates steady between 4.25% to 4.50% despite opposing calls by Trump and White House personnel for a rate cut. Both parties have continually voiced their arguments with the majority of the Fed’s Federal Open Market Committee (FOMC), targeting to keep inflation down, while the US government pushes for a lower borrowing rate to stimulate the economy.

According to a Bloomberg report on August 9, Fed

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