Fed Governor Bowman reiterated that if inflation continues to slow, rate cuts would be appropriate

Federal Reserve Board Member Bowman reiterated that if inflation continues to slow, a rate cut would be appropriate; some progress has been made recently in reducing inflation, but the inflation level is still uncomfortably above the committee's 2% target; although the unemployment rate has risen, it is still at a historically low level; there is still a risk of upward inflation.