Fed's Bowman: Time to consider adjusting policy rate - Breaking The News

Fed's Bowman: Time to consider adjusting policy rate

23 June

1 min read

EPA/MATTHEW CAVANAUGH

Federal Reserve Vice Chair for Supervision Michelle Bowman said on Monday that she thinks that the time has come to consider adjusting the monetary policy rate, adding that she is in favor of cutting interest rates in July if inflation continues to ease.

Speaking at the International Journal Central Banking Conference in Prague, the central banker noted that tariffs are expected to have "minimal impacts" on inflation, stressing that current data does not signal a significant impact from the new US trade policy.

However, Bowman warned that the escalation of the Middle East crisis could push commodity prices higher in the near future.

monetary policy fed bowman

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