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Bowman: Brief Remarks on the Economy and Monetary Policy
Thank you for the invitation to join you today, and congratulations on 50 years of working together to better serve the people of Colorado. As a former community banker, it is always great to be with community bankers and to recognize the importance of your work to strengthen economic opportunities for your communities and your customers. I look forward to hearing more about the issues affecting your institutions and your customers, including the impact of the Federal Reserve's regulation and supervision. Before we turn to our conversation, I'd like to offer a few thoughts on the economy and monetary policy, since ... (full story)
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— Cable FX Macro (@cablefxmacro) September 22, 2023
*BOWMAN: MORE RATE HIKES LIKELY NEEDED TO GET INFLATION TO 2%
️*BOWMAN SEES RISK ENERGY PRICES RISE MORE, HURTING INF PROGRESS
*BOWMAN:LIKELY APPROPRIATE FOMC HIKES RATE IF INFLATION TOO HIGH
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FED'S BOWMAN: WE NEED TO REPEAT MONETARY POLICY ISN'T ON PRESET COURSE.
— Breaking Market News (@financialjuice) September 22, 2023
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Nevertheless, Bowman allows that she supported the decision to hold rates steady this week because "we have seen considerable progress on lowering inflation."
— Nick Timiraos (@NickTimiraos) September 22, 2023
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- Posted: Sep 22, 2023 10:31am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,432
