Fed's Bowman: The Fed should be cautious in considering changes to policy rate ...Middle East

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Supported December cut as a 'final step' in policy recalibrationSays she could have supported no action in December, given lack of progress on inflation and strength in economyPrefers a cautious, gradual approach to adjusting policyCurrent stance of policy may not be as restrictive as others may see itWe should refrain from judging incoming administration policies until we see themInflation elevated, see upside risks, progress has stalledWage growth remains above pace consistent with inflation goalSays she sees greater risks on inflation mandate than jobsBank regulators should adopt a more pragmatic approach to policymaking

Bowman is a leading candidate to take over the Fed's banking supervision role.

This article was written by Adam Button at www.forexlive.com.

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