Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,

Fed governor Michelle Bowman said she supported a December rate cut as the 'last step' in the central bank's 'policy recalibration,' becoming the latest Fed official to urge caution about the path forward for monetary policy.

Federal Reserve Governor Michelle Bowman considers interest rates on hold for the time being until the data shows inflation has resumed its downward trend. Bowman was the lone dissenter on the FOMC’s September decision to lower the federal-funds rate by half a percentage point,