Fed’s Bowman says she is comfortable with stance of policy

34
CreaWorldNews
CreaWorldNews

SAN DIEGO (Reuters) – In her first public remarks as a U.S. central banker, Federal Reserve Governor Michelle Bowman said on Monday she’s “comfortable” with the stance of the Fed’s monetary policy .

The Fed’s policy is in a “good place,” Bowman told an American Bankers Association conference in San Diego, adding that she sees great jobs numbers, solid wage growth, and inflation that’s near the Fed’s 2- percent target. A former Kansas State banking regulator who was appointed to the U.S. central bank last year by President Donald Trump, Bowman voted for a rate hike in December and for a pause to Fed rate hikes in January.

(Reporting by Ann Saphir; Editing by Andrea Ricci)