Fed Bowman sees no urgency for further rate action
Federal Reserve Vice Chair Michelle Bowman stated there is time to wait and see how the economy evolves before taking further rate action. Speaking in Bangkok, she noted no current urgency following last month's rate rise.
United States Federal Reserve Vice Chair for supervision Michelle Bowman said the central bank has time to assess economic conditions before making further rate moves. The comments follow last month's policy rate rise to a 3.75%-4.00% range. Bowman's stance diverges from recent calls by other Fed officials for additional tightening to curb inflation.
