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It’s too early for the Fed to declare mission accomplished in its fight against inflation, Federal Reserve Gov. Michelle Bowman said on Friday. She cast the lone dissenting vote on the central ...
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Fed's Bowman Warns On Inflation, Says Neutral Interest Rates May Be Closer 'Than We Currently Think'Bowman cautioned on Wednesday that inflation remains a significant ... surprised markets by stating that the robust U.S. economy gives the Fed “no need to be in a hurry” to lower rates.
Fed meeting is a key economic event, with Wall Street keyed into what Fed Chair Powell & Co. have to say about interest rates ...
But the job isn’t done yet, Bowman said, with recent months’ annual inflation still closer to 3% than the Fed’s 2% target. She now sees a greater risk of inflation moving higher in 2025.
On Friday, Bowman said such a big cut could hurt progress on the Fed's 2% inflation goal. Bowman says people could interpret the cut as a "premature declaration of victory" on inflation.
In explaining her rationale, Bowman said the half percentage point, or 50 basis point, reduction posed a number of risks to the Fed’s twin goals of achieving low inflation and full employment.
Board of Governors member Michelle Bowman hit newswires on Wednesday, cautioning that it appears the Fed's progress on taming inflation may have hit a snag. I am pleased that the November Fed ...
Bowman dissented against the size of the Fed's September rate cut and remains concerned about inflation. Bowman declined to say what she thinks the Fed should do at the upcoming meeting.
"In my view, the upside risks to inflation remain prominent," Bowman said in a speech at a meeting of the Kentucky Bankers Association. Bowman dissented from the Fed's aggressive half percentage ...
Inflation by the Fed's targeted measure -- the year-over-year change in the personal consumption expenditures price index - eased to 2.5% in June. Bowman's remarks did not foreclose a rate cut ...
Fed's Bowman wants cautious, gradual rate cut path Bowman worried inflation is too high, questions tightness of policy Jobs data hard to interpret, she says Dec 6 (Reuters) - Federal Reserve ...
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