Golden Finance reported that Federal Reserve Board Governor Bowman said that it was appropriate to agree at the September meeting to readjust the level of the federal funds rate, but preferred a smaller rate cut for the first time; he was worried that the Fed's larger policy actions might be prematurely interpreted as a declaration of victory in the fight against inflation; spending data continued to grow steadily; inflation above target remained a concern; the economy remained strong and the labor market was close to full employment; he respected and appreciated the opinions of his colleagues who tended to take larger rate cuts, and remained committed to working with them to ensure that policies were properly positioned to achieve the dual mission goals.