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MNI BRIEF: Bowman Favors Scrapping Fed's SEP Forecasts

(MNI) WASHINGTON

Fed Gov. Bowman would rather have policymakers communicate individually; wants balance sheet as small as possible.

Fed Governor Michelle Bowman said Tuesday she would prefer that the Federal Reserve ditch its quarterly Summary of Economic Projections and instead have officials communicate individually.

"On communications, I’m not a fan of the SEP. So I would prefer that we got rid of it altogether frankly, and that if individuals wanted to speak about their views, they could do that in the intermeeting period. There is no lack of speakers during each intermediate period," she said in Q&A at a conference at the Bank of Japan, according to a transcript. (See: MNI: Fed Messaging Swings Boost Policy Volatility -Ex-Officials)

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Fed Governor Michelle Bowman said Tuesday she would prefer that the Federal Reserve ditch its quarterly Summary of Economic Projections and instead have officials communicate individually.

"On communications, I’m not a fan of the SEP. So I would prefer that we got rid of it altogether frankly, and that if individuals wanted to speak about their views, they could do that in the intermeeting period. There is no lack of speakers during each intermediate period," she said in Q&A at a conference at the Bank of Japan, according to a transcript. (See: MNI: Fed Messaging Swings Boost Policy Volatility -Ex-Officials)

Keep reading...Show less