Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step for now. "I supported the December policy action because,

Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,