Federal Reserve Governor Michelle Bowman supported recent interest rate cuts but stated that the December rate cut should be the "final step" in the easing process. She does not see the need for further rate reductions due to the significant risk of inflation returning.

However, it should be noted that Michelle Bowman is often regarded as one of the most "hawkish" members of the FED.

Other FED officials, including FED Chair Jerome Powell, have expressed opposing views to Bowman, suggesting that further rate cuts are necessary, albeit at a slower pace.