"After seeing considerable progress on slowing inflation last
year, we have not yet seen further progress this year," Bowman
said in remarks prepared for delivery to the Pennsylvania
Bankers Association in Nashville, Tennessee. "While the current
stance of monetary policy appears to be at a restrictive level,
I remain willing to raise the target range for the federal funds
rate at a future meeting should the incoming data indicate that
progress on inflation has stalled or reversed."
Bowman gave a similar assessment of inflation and policy earlier
this month. Her remarks on Friday notably did not make mention
of recent data, including on consumer price inflation, that this
week had some analysts, but not many policymakers, sounding a
bit more upbeat on inflation's trajectory toward the Fed's 2%
goal.
"I will remain cautious in my approach to considering future
changes in the stance of policy," Bowman said.
(Reporting by Ann Saphir; Editing by Andrea Ricci)
[© 2024 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|