Federal Reserve Governor Michelle Bowman said she sees lingering inflation risks and that policymakers should proceed cautiously with further interest-rate cuts.

Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,

Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis points in rate cuts since September has brought the Fed’s benchmark rate down to “neutral,” where it neither dampens or boosts demand.

At least four Federal Reserve officials are speaking Thursday, including Federal Reserve Bank of Boston President Susan Collins, Philadelphia Fed President Patrick Harker, Richmond Fed President Thomas Barkin,

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step

Federal Reserve Governor Michelle Bowman on Thursday said she supported last month's interest-rate cut as the "final step" in the U.S. central bank's monetary policy recalibration, with rising inflation risks dictating a cautious approach ahead.

Federal Reserve Governor Michelle Bowman said Thursday she still supports "a cautious and gradual approach" to interest-rate reductions, citing stalled progress on lowering inflation. “The rate of inflation declined significantly in 2023,