Odaily Planet Daily News - Federal Reserve Governor Bowman stated on Thursday that she supports last month's interest rate cut, viewing it as the "final step" in the Federal Reserve's monetary policy adjustment, given the rising inflation risks and the need for caution in the future. "We should also avoid pre-judging the future policies of the new government," Bowman said in remarks prepared for a speech to the California Bankers Association. "Instead, we should wait for clearer signals and then seek to understand the impacts on economic activity, the labor market, and inflation." This is the first time Bowman has made these comments since she became a leading candidate to be the Federal Reserve's next top banking regulator. Barr announced this week that he will resign as Vice Chairman for Supervision of the Federal Reserve by the end of next month. Bowman stated, "This year will see changes in bank leadership, and I expect this will translate into shifts in priorities and approaches." She reiterated her consistent call for more targeted regulatory measures and a more pragmatic approach to policy making.