Federal Reserve Governor Michelle Bowman repeated her expectation that inflation will continue to decline further with interest rates held at their current level, but said it’s too soon to begin rate cuts. Bowman said she’ll be closely monitoring incoming data to assess the appropriate path for policy and flagged several risks that could add to inflation pressures, including spillovers from geopolitical conflicts, loosening financial conditions and continued labor market tightness. “Should the incoming data continue to indicate that inflation is moving sustainably toward our 2% goal, it will eventually become ... (full story)