A post by @FirstSquawk on X.
FED VICE CHAIR OF SUPERVISION BOWMAN SAYS LONGER-TERM INFLATION EXPECTATIONS ARE VERY WELL ANCHORED, AND THAT WHILE INFLATION EXPECTATIONS ARE AN IMPORTANT DATA POINT, THEY ARE NOT NECESSARILY CONTROLLING HOW SHE THINKS ABOUT THINGS
@FirstSquawk on X
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Fed Vice Chair for Supervision Michelle Bowman said longer-term inflation expectations remain very well anchored, while cautioning that expectations are an important but not necessarily controlling input for her thinking. The remark signals that policymakers are not treating survey-based inflation expectations as decisive for the policy path. It matters because anchored expectations support the case for holding rates steady rather than tightening further. Watch upcoming inflation prints and whether other Fed officials echo Bowman’s view on the limited weight given to expectations data.
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Named in this story
Federal Reserve, Michelle Bowman