Comments from the Fed's Bowman:
- Unemployment remains quite high
- Continued monetary and fiscal support will most likely be needed
- Path to recovery will be bumpy and uneven
- Asset prices vulnerable to significant price declines should pandemic significantly worsen
- Fed is watching commercial real estate closely for signs of further stress
- Pace of recovery will vary by area and be influenced by virus
Her other comments were touching on some PPP regulatory issues.
Overall this is standard fare from the Fed but I always assume they have some top flight high-frequency data that's not easily accessible so her optimism on the data might be a small tell.
