Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.

Federal Reserve Governor Michelle Bowman said on Monday that she favors an interest rate cut, provided inflationary pressures remain muted until the next policy meeting in July. “Should inflation pressures remain contained,

Treasuries surged after Fed officials hinted at a potential interest-rate cut as early as July, reversing earlier losses driven by Middle East conflict fears. Michelle Bowman's support for a cut, contingent on subdued inflation,