Fed is ‘not yet at that point’ of lowering interest rates, Bowman says

Fed is ‘not yet at that point’ of lowering interest rates, Bowman says

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The Federal Reserve is not yet at the point where it can start gradually lowering interest rates, Fed governor Michelle Bowman said on Friday. “In my view, we are not yet at that point,” Bowman said in a speech to a group of bankers in Hawaii. On Wednesday, Bowman and 11 other top Fed officials…

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