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Bowman Eyes "Consistent Evidence" Of Diminishing Inflation

FED
Fed Gov Bowman makes some brief comments on the monetary policy outlook in prepared text for her speech on banking supervision - and it's basically the February FOMC statement (and parts of Powell's press conference) verbatim - so won't move the needle much.
  • She is of course a permanent voter, and though she has been on the hawkish end of the Board of Governors and the FOMC as a whole, her views sound similar to what Powell guided to earlier this month.
  • Excerpts from Bowman's comments:
    • "I expect that ongoing increases will be appropriate to bring the federal funds rate to a sufficiently restrictive level and that it will need to remain there for some time to restore price stability."
    • "I will continue to look for consistent evidence that inflation remains on a downward path when considering further rate increases and at what point we will have achieved a sufficiently restrictive stance for the policy rate. We are still far from achieving price stability, and I expect that it will be necessary to further tighten monetary policy to bring inflation down toward our goal."
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