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U.S. Federal Reserve Governor Michelle Bowman said on Tuesday that she still does not forecast any reduction in the central bank's benchmark interest rate this year.
"Yes, that is still my view. I have not written in further rate cuts in my statement of economic projections for the bulk of this year, I have shifted those into future years," Bowman said during a question and answer session at an event in London, when asked to confirm that she had not written in any rate cuts for the rest of 2024.
"Right now with the uncertainty of the economic outlook and what the data is telling us, we are in a good place right now to understand how that might evolve."
(Reporting by Lindsay Dunsmuir; Editing by Alison Williams)