Fed Gov. Bowman wants three interest rate cuts in 2025
Balazs Barabas
Aug. 9 (UPI) -- The Federal Reserve has not approved an interest rate cut since before the Nov. 5 election, but one of its governors said she wants three rate cuts this year. Federal Reserve Gov. Michelle "Miki" Bowman dissented from the Federal Open Market Committee's decision last week to maintain the current Fed rate of between 4.25% and 4.5%, she said on Saturday . She said "signs of fragility in labor market conditions" caused her to support gradually lowering the Federal Reserve's
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