Fed Gov. Bowman: She will remain cautious on monetary policy ...Middle East

Fed Gov. Michelle Bowman is speaking and says that:She will remain cautious on monetary policyIf inflation moves sustainably to 2% goal, it will eventually be appropriate to cut interest rates; not yet thereReducing policy rate too soon could result in need for future rate hikesShe remains willing to raise policy rate if inflation progress stalls or reversesLatest inflation data suggests slower progress on inflationEconomic activity and consumer spending are strong, labor market 'tight'Bowman is a permanent voting member as the governor on the Federal Reserve Board. Her comments are consistent with delaying tightening. The market is pricing in around 63% chance of a cut in June.

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Last updated : 27 February 2024 clock 09:01 PM

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Fed Gov. Bowman: She will remain cautious on monetary policy ...Middle East

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