Fed governor maintains outlook for three interest cuts in 2025

Federal Reserve Governor Michelle Bowman said in a speech over the weekend that she still sees three interest rate cuts this year after the Fed's monetary policy panel left rates unchanged at their meeting in late July.Bowman, who serves as the Fed's vice chair for supervision, spoke Saturday at the Kansas Bankers Association 2025 CEO and Senior Management Summit in Colorado Springs, Colorado, where she reemphasized why she dissented from the Fed's last interest rate decision last month and favored a rate cut.Bowman and her colleague, Fed Governor Christopher Waller, each dissented from the Fe