Baumann: The Federal Reserve is expected to cut interest rates two more times this year

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated on Tuesday that she still expects the Federal Reserve to continue cutting interest rates at the last two monetary policy meetings in 2025. "I still believe there will be two more rate cuts before the end of this year," Bowman said, adding that as long as the labor market and other economic data develop as expected, the Federal Reserve will continue to lower the federal funds rate. She voted against keeping rates unchanged at the July meeting and supported the rate cut in last month's decision.