Bowman Says Fed Can 'Afford to Take Time' With Rate Cuts
Market Intelligence Analysis
AI-PoweredFederal Reserve Vice Chair Michelle Bowman suggests that the Fed can afford to wait before implementing further rate cuts, citing elevated inflation and potential distortions in economic data.
Market impact analysis based on bearish sentiment with 70% confidence.
Article Context
Federal Reserve Vice Chair for Supervision Michelle Bowman says she saw merit in waiting to lower rates further given elevated inflation and uncertainty over potential distortions in economic data during an event in Oahu, Hawaii. (This report is audio only.) (Source: Bloomberg)
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