ChainCatcher news, some senior Fed officials have also expressed concerns that inflation has not yet been defeated. Fed Governor Bowman explained in a statement that such a dramatic first rate cut may unnecessarily restore inflationary pressures. It is reported that Bowman was the only Fed governor who voted against the rate cut last week. As of Tuesday, both inflation swaps and U.S. Treasury inflation-protected securities suggested that inflation may hover above the Fed's 2% target in the next few years, even if only moderately.