Michelle Bowman, a member of the Federal Reserve’s Board of Governors, has expressed her support for the recent interest rate cuts while advocating that the December reduction should be deemed the “final step” in the current easing cycle.

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,

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step for now. "I supported the December policy action because,