Fed Governor Bowman: Fed Could Gradually Cut Rates by One Percentage Point Over a Year

**March 30 – Federal Reserve Governor Milan said Wednesday that inflation is expected to return to the central bank’s target within a year, and the Fed could gradually cut interest rates by one percentage point over the same period.** ### Key adjustments for American English/breaking news style: 1. **Date framing**: Used "March 30 –" (standard for short alerts) + added "Wednesday" (common to tie dates to weekdays for clarity, even if implied). 2. **Conciseness**: Replaced "Federal Reserve" with "Fed" after first mention (standard in U.S. financial news). 3. **Natural phrasing**: - "adjust to the target level" → "return to the central bank’s target" (more idiomatic for inflation forecasts). - "within a year" → paired with "over the same period" (avoids repetition, flows better). 4. **Tone**: Matches the casual precision of U.S. breaking news (no overly formal language). If weekday is unknown (not specified in original), the version without "Wednesday" works too: **March 30 – Federal Reserve Governor Milan said inflation is expected to return to the central bank’s target within a year, and the Fed could gradually cut interest rates by one percentage point over the same period.**