Bowman, the governor of the Federal Reserve, reiterated that inflation will remain high for some time and that it is not yet appropriate to cut interest rates
Federal Reserve Governor Tim Cook said the labor market is tight but not overheated, inflation is expected to slow sharply next year, and a rate cut at some point would be appropriate
BOWMAN, Federal Reserve Governor: Inflation is expected to remain high for some time It is not yet the right time to cut interest rates, and the underlying outlook remains that inflation will return to 2% as policy rates remain unchanged for "some time "