According to BlockBeats, on November 21, Federal Reserve Governor Bowman expressed uneasiness about cutting interest rates while inflation was still above the 2% target. She pointed out that the Fed's progress in achieving the 2% target has stagnated.
Bowman is inclined to lower the policy rate cautiously to assess the distance from the target and pay attention to changes in the labor market. She believes that the neutral policy rate is higher than before the epidemic and the Fed has no limit on cutting interest rates.
Bowman said the bigger risk for the Fed is to its price stability goal, although a deterioration in labor conditions is also possible.