Federal Reserve Board governor: I have 3 cuts written into my forecast this year

• Bowman forecasts three interest rate cuts in 2026, citing labor market fragility and a stall in inflation progress.
• She expects strong economic growth this year, with AI seen as a productivity tool rather than a cause for widespread layoffs.
• Bowman advocates for modernizing banking oversight to right-size capital requirements and encourage traditional lending activities across banks of all sizes.

Federal Reserve Board Governor Michelle Bowman shared her economic outlook, forecasting three rate cuts this year despite some stalling inflation and labor market fragility. She anticipates strong economic growth and views AI as a productivity tool, not a job threat. Bowman also detailed proposals to modernize banking oversight, aiming to encourage lending and support the U.S. economy.