Federal Reserve’s Bowman: Inflation Risks Surpass Labor Market Concerns Amid Core Inflation Staying Above 2%

According to COINOTAG news on September 24, Federal Reserve Board member Bowman expressed a cautious stance regarding further rate cuts. He noted that the labor market has yet to exhibit any definitive signs of weakening. Bowman elaborated that should a downturn in the labor market occur, it would justify adjustments in policy. Furthermore, he cautioned that there remains a possibility of stagnation in the fight against inflation. Currently, the core inflation rate remains troublingly above the Federal Reserve’s 2% target. Consequently, Bowman emphasized that the risks from inflation are more pronounced than those associated with labor market conditions.