The Federal Reserve Board of Governors Bowman supports a rate cut at the next meeting, follow employment risks.

Fed Governor Bowman said: “If inflationary pressures are under control, I will support lowering the policy rate as soon as possible at the next meeting to bring it closer to the neutral level and maintain a healthy labor market.” "Bowman has been very focused on inflation risks last year. She said she thought the price increase from the tariffs would be “small and one-off” as more spare capacity was expected in the economy this year. She described the labor market as solid and projected to be close to full employment. However, citing evidence of vulnerabilities, including weaker labor market dynamism, slower economic growth, and a narrow concentration of job growth, she argued that the Fed should “pay more attention to the downside risks to the employment target” in future decision-making. It was Bowman’s first substantive comment on the economic outlook since he was nominated by Trump this spring and confirmed by the Senate as vice chair for Fed supervision.