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,

Having delivered a percentage point of interest-rate cuts in the closing months of last year, Federal Reserve officials are entering 2025 with open minds. Policy has been “recalibrated” for the curren

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.