Federal Reserve Governor Bauman hinted that he may support a rate cut in July

According to Golden Finance, Federal Reserve Governor Bauman said, "If inflationary pressures are under control, I will support lowering policy rates as soon as possible at the next meeting to bring them closer to neutral levels and maintain a healthy labor market. Bauman has been very concerned about inflation risks over the past year. She said that due to the expected increase in idle production capacity in the economy this year, she believes that the price increase caused by tariffs will be "small and one-time". She described the labor market as solid and expected to be close to full employment. But she also cited evidence of vulnerability, including weakened labor market vitality, slowing economic growth, and narrow concentration of employment growth, and therefore believes that the Federal Reserve should "pay more attention to the downside risks faced by employment targets" in future decisions. This is Bauman's first substantive comment on the economic outlook since being nominated by Trump this spring and confirmed by the Senate as the Federal Reserve's Vice Chairman of Regulatory Affairs.