Fed's Michelle Bowman Emphasizes Caution in Monetary Policy to Counter Inflation

Federal Reserve Governor Michelle Bowman has expressed a stance of caution regarding the adjustment of U.S. interest rates, emphasizing the ongoing risks of inflation that might undermine the progress in stabilizing prices. In her speech prepared for a Florida Bankers Association event in Miami, Bowman highlighted her expectation that inflation would continue to decrease if the policy rate remains unchanged. She stressed the importance of a careful approach towards any future policy changes, signaling no immediate inclination towards cutting interest rates due to the potential inflationary risks.