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Federal Reserve official Michelle Bowman advocates for interest rate cuts following a weaker-than-expected jobs report. Bowman, who previously dissented on the Fed's decision to hold rates steady, believes three cuts are necessary this year to boost the economy. While acknowledging concerns about inflation, Bowman expressed growing confidence that President Trump's tariffs won't persistently impact inflation. The weak jobs report has fueled Wall Street expectations for rate cuts at the September meeting, aligning with President Trump's calls for lower rates.

Prepared by Christopher Adams and reviewed by editorial team.