Reserve

Chair

Million

Mickey

The state Federal Reserve Chair Mickey Bowman, known for her hawkish stance on the Federal Open Market Committee (FOMC), spoke cautiously about the path of inflation. “I'm not confident that inflation will decline as it did in the second half of last year,” Bowman said, adding that uncertainties surround inflation trends.
Bowman also raised the possibility of a future rate cut, depending on positive economic data. “If incoming data continues to show inflation moving sustainably toward our 2% target, it would be appropriate to gradually reduce the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment,” he said.
Related News: <a href="https://en.bitcoinsistemi.com/watch-out-scammer-who-disappeared-years-ago-with-60-million-launches-new-altcoin/" target="_blank" rel="noopener noreferrer nofollow">Watch Out: Scammer Who Disappeared Years Ago With $60 Million Launches New Altcoin</a>
But Bowman called for patience and a holistic view of economic indicators. “We must be patient and avoid undermining ongoing progress in reducing inflation by overreacting to a single data point. Instead, we must view the data holistically as risks to the Committee’s employment and price stability mandates continue to move toward a better balance,” he said.
Despite his cautious optimism, Bowman did not rule out potential challenges. “That said, I still see some upside risks to inflation,” he said, adding that caution is needed in monitoring economic developments.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bowman-fomcs-most-hawkish-member-keeps-the-door-open-to-rate-cut-heres-what-she-said/" rel="noopener noreferrer nofollow">Bowman, FOMC’s Most Hawkish Member, Keeps the Door Open to Rate Cut – Here’s What She Said</a>

Bowman, FOMC’s Most Hawkish Member, Keeps the Door Open to Rate Cut – Here’s What She Said

Bitcoin Sistemi EN

Other articles published on Aug 11, 2024

BlockDAG Investors Race up the Ranks for Epic 8% Bonuses! Toncoin Price Recovers & Dogecoin To Ro...

Zcash Gains 90% Value in 30 Days

Binance’s Efforts in Recovering Stolen Crypto Funds Amid Market Vulnerabilities

Top Meme Coins Presale by Market Cap: MUMU’s Stellar Performance and Another Coin Worth Watching

Pics of Mollars.CC, a new Decentralized Crypto Exchange Shared, ERC-20 Token Rises +15% in 5 Days

Chainlink Proof of Reserve Now Backs 21Shares Core Ethereum ETF

Join our free newsletter for daily crypto updates!