Federal Reserve Governor Bowman: The Federal Reserve should take a cautious approach to monetary policy
2024-11-20 17:30:25
BofA Reserve Board Bowman said BofA Reserve should monetary policy takedesk3cryptocurrencydesktopCrypto News
Bowman, the Fed governor, said the central bank should take a cautious approach to monetary policy and could be closer to neutral than policymakers currently believe; inflation remains a concern and progress toward reducing it appears to have stalled. There is a risk that policy rates will fall below neutral before the price stability objective is achieved. Expectations for neutral rates are higher than they were before the COVID-19 pandemic.
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