Performance

According to ChainCatcher, Federal Reserve Governor Bowman stated that if inflationary pressures are under control, she would support a prompt reduction in the policy interest rate at the next meeting to maintain a healthy labor market. Bowman has been focused on inflation risks since last year and expects more idle capacity in the economy this year, with price increases due to tariffs being "moderate and one-time." She believes the labor market is solid and close to full employment, but also points out vulnerabilities such as weakened labor market dynamics and slowing economic growth, suggesting that the Federal Reserve should pay more attention to the downside risks to employment objectives in future decisions. This is her first economic commentary since being nominated by Trump as the Vice Chair for Supervision of the Federal Reserve.