Bowman, The U.S. Economy and Considerations for Monetary Policy

Federal Reserve Governor Michelle Bowman said in a Council on Foreign Relations speech that she continues to expect inflation to decline with the current policy stance, while flagging upside risks to prices and downside risks to employment. She described the labor market as roughly in balance but noted it remains vulnerable to weakening, and said the Fed should stay attentive to both sides of its dual mandate. Bowman did not commit to a specific rate path, saying future decisions will depend on incoming data. Her remarks matter because traders are gauging how quickly the Fed might cut rates. Watch upcoming inflation and payroll reports, along with other Fed officials' comments, for signals on the timing of any policy move.