According to BlockBeats, on August 11, Federal Reserve Governor Michelle Bowman stated that inflation remains 'uncomfortably' above the target level. She highlighted the ongoing risks of rising inflation and the continued strength of the labor market, indicating that she might not support a rate cut at the next Federal Reserve meeting in September.

Bowman acknowledged the progress made in reducing inflation in May and June as positive but emphasized that inflation is still above the Federal Reserve's 2% target, which is concerning. She mentioned that she would adopt a cautious approach when considering adjustments to the current policy stance. Additionally, Bowman pointed out that U.S. fiscal policy, immigration pressures on the housing market, and geopolitical risks could contribute to upward pressure on housing prices. She also noted that the recent increase in the unemployment rate to 4.3% might overstate the cooling of the labor market.