Federal Reserve Governor Bowman: Monetary Policy Not on Pre-set Course, Core Inflation Will Further Ease

BlockBeats News, February 17. Federal Reserve Governor Bowman delivered a speech on the economic outlook: It is expected that inflation will decline, but upside risks remain, and greater confidence in the decline in inflation is needed before another rate cut. Patiently waiting for a rate cut will help to better understand the impact of government policies.

The labor market has not tightened due to a slowdown in hiring, but the unemployment rate remains below the expected level for full employment, and wage growth has been above the level consistent with the Fed's inflation target. Currently, the U.S. economy remains strong, economic activity is experiencing robust growth, and the labor market is approaching full employment. Core inflation remains slightly elevated, but it appears to have returned to a downward trajectory. My baseline expectation is that core inflation will continue to moderate this year. Monetary policy is not on a preset course. (Golden Finance)