Federal Reserve Governor Bowman is speaking at the South Carolina Bankers Association 2024 Community Bankers Conference:
-
Inflation could fall further with policy rate held steady for some
time - Current policy
stance appears sufficiently restrictive - It will eventually
become appropriate to lower Fed’s policy rate, should inflation
fall closer to 2% - Labor market supply
and demand coming into better balance - Upside inflation
risks remain, including geopolitical and easing financial conditions - I will remain
cautious in my approach to considering changes to Fed policy rate - Remain willing to
raise policy rate at a future fed meeting, should inflation progress
stall or reverse - Climate guidance
from banking regulators diverts resources from core financial risks
This article was written by Eamonn Sheridan at www.forexlive.com. Source