TechFlow news, June 23 — According to Jinshi Data, Federal Reserve Governor Bowman said: "If inflation pressures are contained, I would support lowering the policy rate as soon as possible at the next meeting to bring it closer to neutral levels and maintain a healthy labor market." Bowman has been highly focused on inflation risks over the past year. She said that, given expectations of greater economic slack this year, price increases stemming from tariffs would be "small and one-off." She described the labor market as solid and projected to be near full employment. However, she also cited evidence of vulnerabilities, including weakening labor market dynamism, slowing economic growth, and narrowly concentrated job gains, suggesting the Fed should "place greater emphasis on the downside risks to the employment objective" in future decisions. This marks Bowman's first substantive commentary on the economic outlook since being nominated by Trump and confirmed by the Senate earlier this spring to serve as Vice Chair for Supervision at the Federal Reserve.
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