Bowman: It's time to take decisive action to cut interest rates

BlockBeats News, on September 23, Federal Reserve Governor Bowman stated that it is time to take decisive action to cut interest rates. She is more confident that tariffs will have a smaller impact on inflation. If the job market continues to deteriorate, faster rate cuts will be needed. If demand conditions do not improve, companies may start laying off employees.

The labor market may deteriorate rapidly in the coming months. Supports a 25 basis point rate cut, but more importantly, the Federal Reserve is now actively supporting the job market.

The impact of tariffs on inflation will gradually fade, and the current inflation level is close to the target. If the economy develops as expected, last week's rate cut is expected to be the first step toward a more neutral interest rate. (Golden Ten Data)