TechFlow news, August 10 — According to Jinshi Data, Federal Reserve Governor Bowman stated that recent significant downward revisions to employment growth highlight the reasons for the Fed to cut interest rates. The evident weakness in the labor market outweighs the risk of future inflation increases, and she expects to support rate cuts at all three of the Fed's remaining meetings this year. As economic growth slows this year and signs of weakening labor market momentum become clearer, it is appropriate to begin gradually shifting the current moderately restrictive policy stance toward a neutral one.
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