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Federal Reserve Board of Governors member Bowman: Supports three rate cuts this year; it is appropriate to ignore temporarily high inflation.
According to a report by Jinse Finance, regarding inflation, Federal Reserve Board of Governors member Bowman stated that core personal consumption expenditure inflation seems to be moving towards a target closer to 2% than the data suggests. He believes that it is appropriate to ignore temporarily high inflation. The risks of rising inflation have decreased, and there is more confidence that tariffs will not lead to persistent inflation. Bowman stated t
View OriginalAccording to a report by Jinse Finance, regarding inflation, Federal Reserve Board of Governors member Bowman stated that core personal consumption expenditure inflation seems to be moving towards a target closer to 2% than the data suggests. He believes that it is appropriate to ignore temporarily high inflation. The risks of rising inflation have decreased, and there is more confidence that tariffs will not lead to persistent inflation. Bowman stated t