Fed's Bowman (voter) says progress on inflation has slowed and perhaps stalled, adds economic conditions are strong and strength of consumer spending is tied to jobs growth
Says:
- Current monetary policy is restrictive and time will tell if it is sufficiently restrictive.
- Consumers may be trading down to lower goods; but also spending large amounts of money on things like travel to see eclipse.
18 Apr 2024 - 00:23- Fixed IncomeImportant- Source: Newswires
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