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 ...

Former President Donald Trump wants the White House to have a say on interest rates. The Federal Reserve governor seen as a ...

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 ...

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 ...

The Federal Open Market Committee has three scheduled meetings remaining in 2024 and markets expect interest rates to be cut ...

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.

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 ...

My confidence has grown that inflation is on a sustainable path back to 2%,” which is the Fed’s inflation goal. The language and shift in tone is significant. For months, the Fed has said it ...

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.

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 ...