美联储理事鲍曼：利率仍有下降空间

Core Viewpoint - Federal Reserve Governor Michelle Bowman indicated that it is premature to suggest that interest rates will remain unchanged due to the fragility of the labor market [1] Group 1: Interest Rate Policy - Bowman stated that even after three rate cuts of 25 basis points each by the end of 2025, the Fed's interest rate setting would still be "moderately restrictive," implying that the Fed's policy continues to suppress inflation and economic growth [1] - She emphasized that the Fed should not rule out the possibility of further rate cuts, given the imminent risk of rising unemployment [1] Group 2: Inflation and Labor Market - Although inflation remains high, Bowman believes it appears likely to cool further [1] - She warned that if the economy slows down, there is a significant risk of a substantial weakening in the labor market [1] Group 3: Policy Adjustment Readiness - Bowman stated that the Fed should be prepared to adjust its policy closer to neutral levels in the absence of clear and sustained improvements in labor market conditions [1] - She cautioned against implying that interest rates will remain stable for an extended period, as this could misleadingly suggest that the central bank would not respond to a weakening labor market [1]