Federal Reserve Governor Michelle Bowman said cutting interest rates by a half percentage point this week risked signaling the US central bank was declaring victory over inflation too early. “The committee’s larger policy action could be interpreted as a premature declaration of victory on our price stability mandate,

Michelle Bowman said such a big initial rate cut could complicate the Fed's mission of getting inflation back to its 2% target.

Federal Reserve Governor Michelle Bowman said on Friday she dissented over the U.S. central bank's half-percentage-point interest rate cut this week, favoring a quarter-percentage-point reduction instead,