Fed's Bowman says she remains willing to hike if inflation progress stalls

<p>Federal Reserve Governor Bowman is speaking at the South Carolina Bankers Association 2024 Community Bankers Conference:</p><ul><li>
Inflation could fall further with policy rate held steady for some
time</li><li>Current policy
stance appears sufficiently restrictive</li><li>It will eventually
become appropriate to lower Fed’s policy rate, should inflation
fall closer to 2%</li><li>Labor market supply
and demand coming into better balance</li><li>Upside inflation
risks remain, including geopolitical and easing financial conditions</li><li>I will remain
cautious in my approach to considering changes to Fed policy rate</li><li>Remain willing to
raise policy rate at a future Fed meeting, should inflation progress
stall or reverse</li><li>Climate guidance
from banking regulators diverts resources from core financial risks</li></ul><p>Bowman tends to lean towards the more hawkish end of the Federal Open Market Committee (FOMC) spectrum. Her remarks here are tending balanced to dovish, no?</p>

This article was written by Eamonn Sheridan at www.forexlive.com.