Bowman Still Projecting Three Interest-Rate Cuts Before Year-End

The Federal Reserve’s top bank cop still supports three interest-rate cuts in 2026 and said she expects strong economic growth this year but is keeping an eye on the impact on the war in Iran.

“Of course, I’ve written three cuts in before the end of 2026 to hopefully support the labor market,” Fed Vice Chair for Supervision Michelle Bowman said Friday in an interview on Fox Business. “Its too soon to tell what the impacts of Iran and the conflict may be, but I do expect that we’ll start to see some of the supply-side policies working their way through the economy.”