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FOMC board member Michelle Bowman is speaking and says: Dissent to half-point cut warranted by inflation still above target, “measured pace of cuts more appropriate” …

For all the talk about not commenting on the exchange rate, he is definitely touching on a bit of a sensitive topic here. I wouldn’t …

I’m very encouraged that the path of inflation is downwards Hence, I do think the path for interest rates will be downwards as well, but …

Must watch market developments with strong sense of urgency It would be desirable for exchange rate to move stably reflecting fundamentals He’s more or less …

We are not thinking of what size we might eventually cut rates by Will only discuss how big those moves will be when the time …

Did not explicitly consider a rate hike at this meeting Format of discussion has changed But recent data has not materially affected policy outlook Progress …

But without a pre-set schedule and taking into account various uncertainties Appropriate to raise rates if trend inflation heightens in line with forecast Market developments …