Fed’s Bowman Calls For Immediate Rate Cuts, Suggesting Positive Impact for Crypto

Michelle Bowman, Vice Chair of the Federal Reserve, has advocated for immediate interest rate cuts in September, driven by concerns about labor market softness and moderating inflation. This stance, which calls for three rate reductions this year, could impact both Bitcoin and Ethereum markets while driving global financial trends. Historical parallels exist between previous Fed rate cuts and subsequent crypto rallies. Bowman’s proposal is based on her experience in regulatory roles since 2018 and underscores the potential economic benefits of monetary easing on cryptocurrency investments.