💨 Abstract

Federal Reserve Governor Michelle Bowman suggested considering a rate cut at the next meeting in July, highlighting a fracture among Fed officials amidst criticism from the White House. Bowman and Christopher Waller have both voiced support for a rate cut due to contained inflation and potential economic slowdown, contrasting with Fed Chair Jerome Powell's cautious approach. President Trump has repeatedly pressured Powell for rate cuts to reduce government borrowing costs.

Courtesy: WTOP Staff