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Bowman: Brief Remarks on the Economy, Monetary Policy, and Bank Regulation
I would like to thank the Pennsylvania Bankers Association for the invitation to join you today.1 I appreciate the opportunity to engage with you on matters that affect the banking industry. Before sharing my thoughts about the current bank regulatory environment, I will discuss my views on the economy and monetary policy. Update on the Economy and Monetary Policy Outlook Over the past two years, the Federal Open Market Committee (FOMC) has significantly tightened the stance of monetary policy to address high inflation. At our meeting earlier this month, the FOMC voted to continue to hold the federal funds rate ... (full story)
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Bowman: We Have Not Yet Seen Further Progress on Inflation This Year
— DB News TradFi (@DBNewswire) May 17, 2024
Fed’s Bowman: Monitoring Data to Assess if Policy is Sufficiently Restrictive
Bowman: Repeats Baseline Outlook That Inflation Will Decline Further with Policy Rate Steady, but Sees Risks
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Fed’s Bowman: Willing To Raise Rates If Inflation Stalls Or Reverses
— LiveSquawk (@LiveSquawk) May 17, 2024
- Inflation To Remain Elevated For ‘Some Time’
- Policy Is Restrictive, Monitoring To See If It Is Sufficient