The topic of this speech was “Reflections on 2024: Monetary Policy, Economic Performance and Lessons for Banking Regulation”.

• December cut supported as ‘final step’ in policy recalibration
• She says she could support no action in December, given the lack of progress on inflation and strength in the economy
• He prefers a cautious, gradual approach to policy adjustment
• The current policy stance may not be as restrictive as others may see it
• We should refrain from judging the coming policies until we see them
• Inflation is up, you see upside risks, progress has stalled
• Wage growth remains above the pace in line with the inflation target
• He says he sees greater risks in the inflation mandate than in jobs
• Banking regulators should adopt a more pragmatic approach to policy making

Bowman is the leading candidate to take over the Fed’s role in banking supervision.

This article was written by Adam Button at www.forexlive.com.



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