Federal Reserve Vice Chair Bowman still expects three rate cuts this year but is also monitoring the impact of the Iran conflict.

MaticHoleFiller · 2026-03-29T16:00:09+00:00

Federal Reserve Vice Chair Michelle Bowman supports cutting interest rates three times by the end of 2026, expecting the U.S. economy to remain strong, but is attentive to the potential impact of the Iran conflict. She also mentioned plans to ease capital requirements for large banks to free up more funds for lending and shareholder returns.

MaticHoleFiller

2026-03-29 16:00:09

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Federal Reserve Vice Chair for Supervision Michelle Bowman stated that she still supports lowering interest rates three times by the end of 2026 and expects the U.S. economy to maintain strong growth this year, but she is also monitoring the impacts of the war in Iran.

Bowman said in an interview with Fox Business Channel on Friday, “Of course, I make the expectation of lowering rates three times by the end of 2026 in hopes of supporting the labor market. It is still too early to judge what impact Iran and this conflict will have, but I do expect that we will start to see some supply-side policies gradually taking effect in the economy.”

Bowman also promoted a plan announced this week, which would relax capital requirements for large Wall Street banks, a move that could free up tens of billions of dollars for lending, stock buybacks, and dividends.

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