Fed Officials Express Concerns Over Inflation Persistence

According to Odaily, several senior Federal Reserve officials have expressed concerns that inflation has not yet been fully addressed. Federal Reserve Governor Michelle Bowman stated in a recent declaration that a dramatic initial rate cut could unnecessarily reignite inflationary pressures. Bowman was the only Fed governor to vote against the rate cut last week. As of Tuesday, both inflation swaps and U.S. Treasury Inflation-Protected Securities indicate that inflation may hover above the Federal Reserve's 2% target in the coming years, even if only moderately.