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Federal Reserve Governor Michelle W. Bowman cautioned on Wednesday that inflation remains a significant concern and suggested that interest rates may already be closer to a “neutral” level ...
Fed forecasts from the September gathering saw officials pencil in a 4.6% federal funds rate by next year. Fed officials have all been on board with the Fed's inflation fight, and the meeting ...
U.S. Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego, California, U.S., February 11 2019.
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.
Fed Chair Jerome Powell has come under pressure from President Trump to lower interest rates. AP “Nothing is burning on either side such that it suggests there’s a rush to act,” he said.
Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed ...
FILE PHOTO: U.S. Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego, California, U.S., February ...
Fed’s Bowman Sees Upside Inflation Risk, Signals Caution on Cuts. Cites fiscal policy, geopolitics, pressure on housing market; Powell has put rate cut on the table for September Fed meeting ...
Fed Governor Michelle Bowman says she would look for consistent evidence that "inflation is on a meaningful path down our 2% goal." The July rate hike was guided by data showing strong economic ...
Bowman’s openness to cutting rates soon is joined by that of Fed Governor Christopher Waller, who said in a television interview Friday he’d also consider a rate cut at the July 29-30 meeting.
Bowman warned inflation progress has stalled, and suggested interest rates might already be near the neutral level. Market odds of a December rate cut dropped to 55%, down from 82% a week ago. Up ...