Fed's Bowman says progress on inflation has slowed, perhaps stalled

Federal Reserve Board Governor Michelle Bowman participates in fireside chat before the Institute for International Finance (IIF) Global Outlook Forum Progress on inflation has slowed and perhaps stalledEconomic conditions are strongStrength of consumer spending tied to ongoing job growthAnd this ... prospect of rate hikes! Current monetary policy is restrictive; time will tell if it is "sufficiently" restrictiveMore: Consumers may be trading down to lower goods; but also spending large amounts of money on things like travel to see eclipse This article was written by Eamonn Sheridan at www.forexlive.com.

Apr 18, 2024 - 05:50
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Fed's Bowman says progress on inflation has slowed, perhaps stalled

Federal Reserve Board Governor Michelle Bowman participates in fireside chat before the Institute for International Finance (IIF) Global Outlook Forum

  • Progress on inflation has slowed and perhaps stalled
  • Economic conditions are strong
  • Strength of consumer spending tied to ongoing job growth

And this ... prospect of rate hikes!

  • Current monetary policy is restrictive; time will tell if it is "sufficiently" restrictive

More:

  • Consumers may be trading down to lower goods; but also spending large amounts of money on things like travel to see eclipse
This article was written by Eamonn Sheridan at www.forexlive.com.
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