Fed Governor Bowman: Inflation Expectations Not Yet Affected by Oil Price Spike, No Sign Fed Will Adjust Stance Based on Oil

BlockBeats News, March 30: Federal Reserve Governor Milan stated that inflation expectations have not been affected by the rise in oil prices, and there is no sign that other colleagues will adjust their stance based on oil prices. Inflation will adjust to the target level one year later, and the Federal Reserve can gradually cut interest rates by one percentage point within a year.