Fed Board Member Says 'No Rate Cuts for Now'

Michelle Bowman, a prominent hawk (favoring monetary tightening) and a member of the Federal Reserve Board, expressed the view that there will be no further rate cuts.

On the 9th (local time), Bowman attended an event hosted by the California Bankers Association and stated, "I supported the rate cut last December because I thought it was the last measure," thus expressing this view.

Patrick Harker, President of the Philadelphia Federal Reserve Bank, also added his opinion on the suspension of rate cuts. President Harker said, "It seems appropriate to pause rate cuts for now," and "We can stay in our current position until additional data comes out."

Susan Collins, President of the Boston Federal Reserve, also conveyed that "the number of rate cuts this year may be fewer than expected."