Federal Reserve (Fed) Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts.
Fed eral Reserve Governor Michelle Bowman said Wednesday that inflation progress slows and possibly halts. Bowman further stated that monetary policy is currently restrictive and time will tell if it is sufficiently restrictive. Key quotes “Inflation progress slows and possibly halts.” “Strength of consumer spending tied to ongoing job growth.” “Monetary policy currently restrictive; time will tell if it is sufficiently restrictive.
How often does the Fed hold monetary policy meetings? The Federal Reserve holds eight policy meetings a year, where the Federal Open Market Committee assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
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