The Governor of the FOMC, Michelle Bowman, indicated that if the inflationary pressures are contained, would be in favor of reducing the policy rate at the next meeting to align it more closely with its neutral level and maintain a healthy labor market.
Key quotes
- Open to cut rates as soon as at the Julio Meeting of the FOMC if inflationary pressures are contained.
- It should give more weight to the downward risks for the labor market in the future.
- It is time to consider adjusting the policy rate.
- Commercial policy will probably only have ‘minimal impacts’ on inflation.
- The data does not show much impact of changes in commercial policy.
- Changes in government policy should reduce inflationary risks.
- Tariffs will probably have a small impact on inflation.
- Progress in commerce has reduced uncertainty about perspectives.
- The current conflict in the Middle East could press the prices of raw materials.
- The labor market is solid, but signs of weakness are emerging.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
