Federal Reserve Governor Bowman suggests: may support a rate cut in July.

Federal Reserve Governor Bowman said, "If inflationary pressures are under control, I will support lowering policy rates as soon as possible at the next meeting to bring them closer to neutral levels and maintain a healthy labor market." Bowman has been closely monitoring inflation risks over the past year. She said she believes tariffs could lead to "modest and one-time price increases" as she expects the economic slowdown this year to worsen. She described the labor market as strong and expected to be near full employment. However, she cited evidence of vulnerabilities, proving that the Fed "is more concerned about the downside risks to our future employment tasks." This is Bowman's first substantive comment on the economic outlook since Trump's election, and she was confirmed as vice chair of supervision by the Senate this spring.