Fed's Bowman: It's likely appropriate to begin tapering this year if the data come in as expected

Author: Adam Button | Category: Central Banks

Comments from the Fed governor

Michelle Bowman
  • Says she remains encouraged about incoming data and ongoing expansion but will not prejudge outcome of policy debate among colleagues
  • US has made 'great progress' on price stability
  • It's likely appropriate to begin tapering this year if the data come in as expected
  • US is 'very close' to goal of substantial further progress on employment
  • Rise of inflation 'not surprising' given strong demand and supply side strains
  • May take more time for inflation to ease
  • Hopes to release central bank digital currency paper in the next few weeks
Bowman tilts a bit more to the hawkish side but she's likely to fall in line behind Powell.

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