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Federal Reserve Governor Bowman, who takes a dovish stance, said in an interview with Fox Business News that it is still too early to assess the impact of the Iran war. She expects the economy to grow strongly this year thanks to government supply-side spending. Bowman stated that she has not heard of companies laying off employees, but she still has concerns about the job market. She also mentioned that she still expects three rate cuts this year. Regarding banking regulation, Bowman hopes to ensure that the current banking regulatory reform fully considers the needs of banks and will continue to adjust regulations based on the characteristics of banks. Bowman is closely monitoring the situation in the private credit sector and is also keeping an eye on leverage in the field of artificial intelligence to ensure that regulators are attentive to related risks. Bowman said she looks forward to working with Kevin Walsh and believes his appointment would have a significant impact on the Federal Reserve if approved. Regarding Fed Chair Powell, Bowman stated that Powell has already outlined his term arrangement at the Fed and will let Powell explain further details himself.
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