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Bowman Reiterates Not Yet Time To Begin Cutting Rates

FED

Fed Gov. Bowman (permanent voter) gives unscheduled remarks (found here) but they're in keeping with previous, typically hawkish, comments:

  • *FED'S BOWMAN REPEATS NOT YET TIME TO BEGIN LOWERING RATES - bbg
  • *BOWMAN REPEATS FED CAPITAL PLAN NEEDS 'SIGNIFICANT REVISIONS' - bbg
  • "I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate that progress on inflation has stalled or reversed"
  • On Basel: "My hope is that policymakers will take this opportunity to make significant revisions to the proposal to address the concerns raised by the public, and that I will be able to support the next step on Basel capital reforms."
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