Speaking to a conference in Prague, the Czech Republic, on Monday (23 June), Fed vice chair of supervision Michelle Bowman said “it is time to consider adjusting the policy rate”.
She added that if inflationary pressures remain controlled, “I would support lowering the policy rate cut as soon as our next meeting”, which is scheduled to take place on 30 July.
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The move would bring the rate “closer to its neutral setting” and support a “healthy labour market”, according to Bowman.
“It is…
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