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 is not cutting interest rates yet because there is a possible inflation spike on the horizon. Until the central bank can see exactly how it will play out, interest rates will remain where they are,