Federal Reserve Governor Bowman: Such a dramatic first rate cut may unnecessarily restore inflationary pressures

ChainCatcher news, some senior officials of the Federal Reserve have expressed concerns that inflation has not yet been defeated. Federal Reserve Governor Bowman explained in a statement that such a dramatic first rate cut could unnecessarily restore inflationary pressures. It is reported that Bowman was the only Federal Reserve governor to vote against the rate cut last week. As of Tuesday, inflation swaps and U.S. Treasury Inflation-Protected Securities both suggest that inflation may linger above the Federal Reserve's 2% target in the coming years, even if only moderately.