Fed's Bowman: It is not yet time for us to consider cutting rates

Federal Reserve Governor Michelle Bowman said on Tuesday that it is not yet time for the central bank to consider cutting interest rates, despite the recent volatility in financial markets.

Speaking at a conference in Kansas City, Bowman said that while the Fed is closely monitoring the economic data and is prepared to adjust its policy if necessary, she does not believe that the current economic conditions warrant a rate cut.

Bowman's comments come amid growing speculation that the Fed may lower interest rates in response to the ongoing trade tensions and slowing global growth. However, she emphasized that the U.S. economy remains strong and that the Fed will continue to assess the situation before making any decisions.

The Fed's next policy meeting is scheduled for later this month, and investors will be closely watching for any signals about the central bank's future plans. Bowman's remarks suggest that the Fed is likely to maintain its current stance on interest rates for the time being.