Business
Fed’s Bowman says progress on inflation has slowed or even stalled
Federal Reserve Governor Michelle Bowman participates in a fireside chat ahead of the Institute for International Finance (IIF) Global Outlook Forum
-
Progress on inflation has slowed or even stagnated
- Economic conditions are strong
- Strong consumer spending linked to continued job growth
And that… prospect of rate increases!
-
Current monetary policy is restrictive; time will tell if it’s “enough” restrictive
More:
-
Consumers could turn to lower quality goods; but also spending large sums of money on things like traveling to see an eclipse
This article was written by Eamonn Sheridan at www.forexlive.com.
cnbctv18-forexlive