Trump appointed Bowman to the Federal Reserve's board of governors in 2018. She's the second high-ranking central bank official in less than a week to suggest that the Fed cut interest rates; on Friday, another Trump appointee, Christopher Waller, said in an interview that the Fed should think about lowering interest rates next month.

President Donald Trump renewed his attacks on Federal Reserve Chief Jerome Powell over his refusal to lower interest rates amid global economic instability.

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with President Donald Trump’s calls for immediate cuts.