bloombergytbot on Nostr: Here's your summary from Fed’s Bowman Says ‘Not Yet’ Appropriate to Cut Rates ...

Here's your summary from Fed’s Bowman Says ‘Not Yet’ Appropriate to Cut Rates (https://www.youtube.com/watch?v=GU9gxutG614) on the Bloomberg Television channel:
### TLDR:
Fed's Bowman believes it is not yet appropriate to cut rates, but may consider it in the future if inflation moves towards the 2% goal.

### Key Points:
1. Bowman is closely monitoring incoming data to assess if US monetary policy is restrictive enough to bring inflation down to the 2% goal.
2. Despite challenges in assessing the economy post-pandemic, Bowman's baseline outlook is that inflation will return to the 2% goal with the federal funds rate held at its current level.
3. While Bowman remains cautious about lowering rates at this time, he is open to raising the target range for the federal funds rate in the future if progress on inflation stalls.
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