Fed’s Bowman: Baseline outlook still that inflation will decline with rates steady Adam Button Forexlive RSS Breaking CentralBanks Feed

Still willing to hike at future meeting should data show progress on inflation stalled or reversedStill sees a number of upside risks to her outlookMonetary policy stance appears to be restrictiveUnclear whether further supply-side improvements will continue to lower inflationRisk strong that consumer demand, more immigration and tight labor market could lead to persistently high core services inflationFiscal stimulus could juice demandExtent of data revisions in past few years makes assessing economy even more challengingSays she will remain cautious in her approach to deciding future chances to policy stanceRecent inflation pickup evident across many goods and services categories

This is the typical hawkish rhetoric from Bowman and was released in a statement as part of an appearance at the Massachusetts Bankers Association.

Here’s the final paragraph:

It is important to note that monetary policy is not on a preset course.
My colleagues and I will make our decisions at each FOMC meeting based
on the incoming data and the implications for and risks to the outlook.
While the current stance of monetary policy appears to be at a
restrictive level, 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. Restoring price stability is
essential for achieving maximum employment over the longer run.

This article was written by Adam Button at www.forexlive.com.Still willing to hike at future meeting should data show progress on inflation stalled or reversedStill sees a number of upside risks to her outlookMonetary policy stance appears to be restrictiveUnclear whether further supply-side improvements will continue to lower inflationRisk strong that consumer demand, more immigration and tight labor market could lead to persistently high core services inflationFiscal stimulus could juice demandExtent of data revisions in past few years makes assessing economy even more challengingSays she will remain cautious in her approach to deciding future chances to policy stanceRecent inflation pickup evident across many goods and services categoriesThis is the typical hawkish rhetoric from Bowman and was released in a statement as part of an appearance at the Massachusetts Bankers Association.Here’s the final paragraph:It is important to note that monetary policy is not on a preset course.
My colleagues and I will make our decisions at each FOMC meeting based
on the incoming data and the implications for and risks to the outlook.
While the current stance of monetary policy appears to be at a
restrictive level, 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. Restoring price stability is
essential for achieving maximum employment over the longer run.

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

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