Bowman, one of the most hawkish FED members, made a statement: He gave the green light for interest rate cuts! He also provided a date!

Under the shadow of the Israel-Iran tension, Bitcoin (BTC) and altcoins are expected to trigger the long-awaited rally as the FED is anticipated to resume the interest rate rebates it has paused since January, while FED Vice Chair Michelle Bowman has announced good news about interest rate rebates.

Speaking at a meeting held in Prague, Czech Republic, Michelle Bowman said that the time for lowering interest rates is approaching.

This situation signals a major change for Bowman. As one of the most hawkish members, Bowman had approached interest rate rebates with skepticism in recent months.

However, Bowman has now made an unexpected change by stating "It is time to consider adjusting the policy interest rate."

Michelle Bowman indicated that inflation has slowed in recent months and stated that if the trend of slowing inflation continues, she would support a rate cut in July.

"Recent economic data shows that tariffs and other policies have no significant or important impact on inflation.

At this point, the impact of the trade war on inflation may be more delayed or less significant than expected.

Therefore, if the downward trend continues, I may support a rate rebate next month. In the meantime, I will continue to closely monitor economic conditions as the policies of the Administration, the economy, and financial markets continue to develop.

Bowman's comments resemble those of his colleague Christopher Waller, who spoke to CNBC on Friday and suggested that the FED might consider a rate rebate in July.

U.S. President Donald Trump is also pressuring the Fed to lower interest rates as a way to save on the financing costs of the country's rising national debt. However, the Fed kept the interest rate stable between 4.25% and 4.5% at the meeting that took place last week.

While Trump thinks that the FED should lower interest rates by at least 2%, Bowman did not say anything about how much the interest rate should be lowered.

The next meeting of the FED will be held on July 29-30. According to the CME FedWatch indicator, investors are pricing in a 22.7% chance of a rate cut in July while expecting rates to remain unchanged. However, the probability of the FED making a rate cut in September is priced at around 78.7%.

*It is not investment advice.

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