universalslotsnodepositbonus| Inflationary pressure continues, Federal Reserve governor says he will not consider cutting interest rates during the year

Local time on the 10thUniversalslotsnodepositbonusMichelle Bowman, governor of the US Federal Reserve, said it was not appropriate for the Fed to cut interest rates this year because of persistent inflationary pressures.

Bowman said in an interview with US media on the same day that the US inflation data in the past few months have been disappointing and that it will take a long time to be sure that inflation will return to the track set by the Federal Reserve, and that achieving the inflation target is a prerequisite for the Fed to cut interest rates. She believes that the federal funds rate will remain at its current level for a longer time, and the Fed will not cut interest rates this year.

Bowman attended the annual meeting of the state bankers' association in Texas on the same day and delivered a speech urging Fed policy makers to "prudently" promote monetary policy to achieve the 2% long-term inflation target.

On the same day, Dallas Federal Reserve Bank President Lori Logan also said at the annual meeting of the State Bankers' Association in Louisiana that the inflation data so far this year were disappointing and that the Fed was "too early to consider cutting interest rates."

At its monetary policy meeting ended on the 1st, the Federal Reserve announced that it would maintain the target range of the federal funds rate at 5.UniversalslotsnodepositbonusRemain unchanged between 25% and 5.5%. This is the sixth time in a row that the Fed has left interest rates unchanged since September last year.