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Fed Governor Bowman Advocates for 2025 Rate Cuts Amid Economic Softening
Fed Governor Bowman Advocates for 2025 Rate Cuts Amid Economic Softening
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BTCCSquare news:
Federal Reserve Governor Michelle Bowman is pushing for three interest rate cuts in 2025, arguing that delayed action risks exacerbating labor market weakness and stifling economic growth. Her dissent against July's rate pause signals growing divisions within the central bank as unemployment creeps toward 4.3% and monthly job creation slows to 35,000.
Recent data paints a concerning picture: consumer spending remains tepid, housing activity falters, and residential investment declines. Bowman contends these trends justify preemptive easing, warning that maintaining restrictive policy could force sharper adjustments later. The debate coincides with heightened political scrutiny as election-year pressures mount.
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