Economic news
Fed’s Bowman remains cautious about changing policy stance
2024.08.20 14:12
(Reuters) – Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in central bank policy as she sees continued upside risks for inflation, warning that overreacting to any single data point could put progress made against inflation at risk.
Bowman’s prepared remarks to a gathering of bankers in Alaska reflect her continued stance as one of the Fed’s more hawkish policymakers. While she refrained for a second time from saying she stood ready, if necessary, to further lift rates as has been her position previously, she offered little indication she is ready to endorse a rate cut at the Fed’s Sept. 17-18 meeting, as is now widely expected.
