Online reported that Federal Reserve Governor Bowman said: "If inflationary pressures are controlled, 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." Bowman has been very concerned about inflation risks last year. She said she believes the price increase from tariffs will be "small and one-off" because the economy is expected to have more spare capacity this year. She described the labor market as solid and expected to be close to full employment. But she also cited evidence of vulnerability, including weakening labor market vitality, slowing economic growth and narrow concentration of employment growth, and therefore believed that the Fed should "pay more attention to downside risks to employment goals" in future decisions. This is the first time Bowman has made substantive comments on the economic outlook since he was nominated by Trump this spring and confirmed by the Senate as vice chairman of the Federal Reserve's supervision.