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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 ...
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.
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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.
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.
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 ...
but inflation is still uncomfortably above the committee’s 2% goal,” Bowman said Saturday in a speech to the Kansas Bankers Association in Colorado Springs, referring to the Fed’s rate ...
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 ...
Bowman said that she would be looking at the November inflation data next week in thinking about her upcoming decision on rates at the Fed's meeting on Dec. 17-18.
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 ...