Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House.

US Fed interest cut could happen soon even as Iran Israel war and the involvement of the USA has brought back focus on economy.

The Fed is staying put on interest rates and won’t be making any cuts until at least September, based on new data from a June 5–10 Reuters survey of 105 economists.