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 supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,

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,