Fed Gov. Bowman is speaking and says:Monitoring data to assess policy is sufficiently restrictive.Baseline Outlook that inflation will decline further with policy rate steady but sees risks.Remain cautious in rate change decisions, willing to hike if inflation progress stalls or reverses.Inflation to remain elevated for some time.We have not yet seen further progress on inflation this year.Inflation's decline in latter half of last year was temporary.US economic activity may have moderated but consumer services spending strong, business investment strengthened.Progress on labor market rebalancing has slowed.Focusing on issues like climate change could distract bank management and supervisors
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