Fed Governor Bowman: Still expects interest rate cuts three times this year.

Federal Reserve Board member Bauman said in an interview with Fox Business News that it is still too early to assess the impact of the Iran war, but she expects strong economic growth this year thanks to government supply-side spending. Bauman stated that she has not heard of companies laying off workers, but she remains concerned about the job market. She also stated that she still expects three rate cuts this year. As for banking supervision, Bauman hopes to ensure that the banking supervision reform takes into account the needs of banks and will continue to adjust regulations based on the characteristics of banks. Bauman is closely monitoring the situation in private credit and keeping an eye on leverage in the field of artificial intelligence, ensuring that regulatory agencies pay attention to related risks. Bauman said she looks forward to working with Kevin Warsh, and if his appointment is approved, it will have a significant impact on the Federal Reserve. Regarding Federal Reserve Chairman Powell, Bauman said that Powell has already clearly outlined his term arrangements at the Federal Reserve and will let Powell explain the situation himself.