Fed's Bowman says she does not take a dissenting vote on policy lightly- Fed still has not achieved its 2% inflation target
- Economic conditions are very strong
- The Fed has made progress in lowering inflation and cooling the labor market.
- Unemployment rate still well-below 'full employment' level
- Core inflation 'uncomfortably' above target
- Upside risks to inflation remain prominent
- Lowering policy rate too quickly could ignite inflation
- Inflation data next week will help made decision on rates
Bowman is a hawk so it wouldn't be a surprise to see her dissent this month if the Fed cuts.
This article was written by Adam Button at www.forexlive.com.
Source: Fed's Bowman says she does not take a dissenting vote on policy lightly (https://www.forexlive.com/centralbank/feds-bowman-says-she-does-not-take-a-dissenting-vote-on-policy-lightly-20241206/)
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