Fed's Bowman: Fed funds likely to remain at currently levels absent change in outlook
Comments from the Fed's Bowman:
- US economy in 'good place' and likely to remain so
- Encouraged by outlook for housing, says low rates will continue to support the industry
- Rise in family formation a positive for home building and home demand
This is the party line from the Fed. Everyone is on board with the strategy of waiting on rates even if inflation begins to tick up.