Fed Governor Michelle Bowman supports July Rate reduction, with reference to ‘contained’ inflation pressure: ‘Impact of rates … can take longer’

Governor of the Federal Reserve Michelle Bowman Has expressed her support for a potential interest rate reduction in July, provided that inflation remains modest. What happened: Bowman, during a speech in Prague, suggested that an interest rate would be appropriate during the coming July meeting if the inflatory pressure remains low, reported CNBC on Monday. […]