Federal Reserve Governor Michelle Bowman participates in a fireside chat ahead of the Institute for International Finance (IIF) Global Outlook Forum
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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!
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Current monetary policy is restrictive; time will tell if it’s “enough” restrictive
More:
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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.
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