Michelle Bowman: “I would support lowering the policy rate as soon as our next meeting”

The economy remains strong, with solid growth in economic activity and a labor market near full employment.

Retailers seem unwilling to raise prices on essential consumer items

It is likely that the impact of tariffs on inflation may take longer, be more delayed and have a smaller effect than initially expected.

Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting.