That hold is an important part of the Fed's continued focus on getting the inflation rate closer to an average 2%. Yet September's meeting is expected to bring with it something we haven't seen in ...

Fed Governor Bowman noted that despite recent progress on inflation, price growth levels still remain well-elevated compared to the central bank's target ranges, and that recent moves in the ...

Bowman's prepared remarks to a gathering ... she said, and if inflation continues to fall sustainably toward the Fed's 2% target, "it will become appropriate to gradually lower the federal funds ...

Bowman — who was in Anchorage to discuss the Fed's efforts to make the banking system more inclusive for indigenous peoples — acknowledged the evolving economic picture. She called the most recent ...

Why is the target set at 2%? Inflation data has long been a precursor of Fed policy changes because of the central bank's dual mandate to promote maximum employment and price stability.

and increased demand for housing due to immigration," Bowman added. Given the upside risks to inflation, the Fed governor expressed concern against "overreacting to any single data point," which ...

JACKSON HOLE, Wyoming, Aug 24 (Reuters) - The Federal Reserve's credibility in the eyes of financial markets helped in its battle against inflation over the past two years, but it had to be earned ...

Bowman's latest comments come as market participants ... The most recent price indexes tracked by the Fed peg inflation at around 2.5%. But Bowman questioned the durability of recent trends.

Although investors came to believe that Fed Chair Jerome Powell and other policymakers were serious about maintaining the central bank's 2% inflation target, that belief only formed over time and ...

and increased demand for housing due to immigration," Bowman added. Given the upside risks to inflation, the Fed governor expressed concern against "overreacting to any single data point," which risks ...