TechFlow, November 15 — According to Jinshi News, Federal Reserve Governor Michelle Bowman stated that recent economic data support the case for the Fed to cut interest rates. "I think all the data we've received since the Fed's September policy meeting has pointed in a dovish direction," Bowman said. "Inflation data have been better than our expectations," she noted, adding that labor market indicators have weakened. On the prospect of further rate cuts, "all of this should make us more dovish, not less."
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