Fed's Bowman: Further inflation declines possible without more rate hikes

The Federal Reserve (Fed) Governor Bowman is speaking at the South Carolina Bankers Association 2024 Community Bankers Conference Key quotes “Inflation could fall further with policy rate held steady for some time Current policy stance appears sufficiently restrictive.” “It will eventually become appropriate to lower Fed’s policy rate, should inflation fall closer to 2%.” “Labor market supply and demand coming into better balance.” “Upside inflation risks remain, including geopolitical and easing financial