Federal Reserve Governor Michelle Bowman said Wednesday the U.S. central bank "should pursue a cautious approach" on further monetary easing, as inflation still remains elevated. “I would prefer to proceed cautiously in bringing the policy rate down to better assess how far we are from the end point,

Federal Reserve Governor Michelle Bowman, among the U.S. central bank's most hawkish policymakers, on Wednesday called for a cautious approach to any further interest rate cuts, noting that inflation remains a concern and the labor market is strong.

Federal Reserve Governor Michelle Bowman said she wants to move cautiously on further interest-rate cuts because progress in reducing inflation has slowed.