Fed Governor Bowman: Labor market cooling is exaggerated, remain cautious about rate cuts

BlockBeats news, on August 11, Federal Reserve Governor Bowman said that inflation is still "disturbingly" above the target level. There are upside risks to inflation and the continued strength of the labor market, which suggests that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June was welcome, but inflation is still above the committee's 2% target, which is disturbing, and I will remain cautious when considering adjusting the current policy stance. She also said that U.S. fiscal policy, the pressure on the real estate market from immigration, and geopolitical risks may all put upward pressure on housing prices, and the recent jump in the unemployment rate to 4.3% may exaggerate the extent of the cooling of the labor market. (Jinshi)