US FOMC Member Bowman Speaks
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
FOMC voting member Nov 2018 - Jan 2034;
- History
Expected Impact / Date | Description |
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Feb 11, 2025 | Due to speak about bank regulation at the Iowa Bankers Association Bank Management and Policy Conference, in Des Moines; |
Feb 7, 2025 | Due to speak about the economy and bank regulation at the Wisconsin Bankers Association Bank Executives Conference, in Milwaukee; |
Feb 5, 2025 | Due to speak about the economy and bank regulation at the Kansas Bankers Association Harold A. Stones Government Relations Conference, in Topeka; |
Jan 31, 2025 | Due to deliver brief remarks at the Northern New England CEO Summit, in New Hampshire; |
Jan 9, 2025 | Due to speak at the California Bankers Association Bank Presidents Seminar, in Laguna Beach. Audience questions expected; |
Dec 6, 2024 | Due to speak at the Missouri Bankers Association Executive Management Conference. Audience questions expected; |
Nov 22, 2024 | Due to speak about artificial intelligence at the Annual Symposium on Building the Financial System of the 21st Century, in Washington DC; |
Nov 20, 2024 | Due to speak about policymaking at the Forum Club of the Palm Beaches, in West Palm Beach. Audience questions expected; |
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- US FOMC Member Bowman Speaks News
- From federalreserve.gov|Feb 5, 2025
Thank you for the invitation to speak to you today.1 It is a pleasure to be with you. I always enjoy the opportunity to meet bankers from across the country to learn about the issues that are important to you. Recently, I have observed a shift in tone when I talk to bankers about the bank regulatory environment. Bankers are cautiously optimistic that we will see meaningful reform that right-sizes regulation and supervisory approach, reforms that—if executed appropriately—should help the banking system promote economic growth in a safe and sound manner. Today, I will share my views on a number of issues related to banking regulation and supervision, including the importance of tailoring, having a problem-focused approach to bank regulation and supervision, and the imperative of innovation in the banking system. One of the unique characteristics of the U.S. banking system is the broad scope of institutions it includes and the wide range of customers and communities it serves. Given this wide variety of institutions, regulators must strive to foster a financial system that enables each and every bank, no matter its size, to thrive, supporting a vibrant economy and financial system. We must also be sensitive to emerging issues and trends that require attention, whether that be unintended consequences from capital requirements, the incentives created by our approach to regulatory applications, and to ensure legal compliance. Tailoring post: FED'S BOWMAN DOES NOT DISCUSS ECONOMIC OR MONETARY POLICY OUTLOOK IN REMARKS PREPARED FOR DELIVERY TO THE KANSAS BANKERS ASSOCIATION.
- From federalreserve.gov|Jan 31, 2025
Let me begin by saying my thoughts and prayers are with the families of the passengers and crew who perished in the tragic flight accident in Washington, D.C. Wednesday evening. Thank you for the invitation to speak to you today.1 It is a pleasure to be with you virtually for your CEO Summit. I always enjoy the opportunity to meet bankers from across the country, especially New England, to learn about the issues that are important to you. The Federal Open Market Committee (FOMC) concluded its January meeting earlier this week, so I will begin by offering some brief remarks on the economy, and then share my views on a number of mutual and community bank issues, before addressing some questions that were submitted by your members in advance of today's meeting. post: FED'S BOWMAN: CURRENT POLICY IN A GOOD PLACE FOR THE FED TO MONITOR DATA, BE CLEAR ON ECONOMIC IMPACT OF TRUMP ADMINISTRATION POLICIES BEFORE MOVING RATES AGAIN. post: FED'S BOWMAN: IT'S NOT CLEAR MONETARY POLICY IS EXERTING MUCH PRESSURE ON ECONOMY, WITH EASY FINANCIAL CONDITIONS AND HIGH ASSET PRICES POSSIBLY SLOWING PROGRESS ON INFLATION.Bowman: Inflation risks to the upside, further rate cuts should be gradual, cautious Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks, and upcoming administration policies could slow the process and keep price pressures elevated. "Core inflation remains elevated, but my expectation is that it will moderate further this year. Even with this outlook, I continue to see upside risks to inflation," Bowman said in comments to a group of New England business executives. "I would prefer that future adjustments to the policy rate be gradual. We should take time to carefully assess the progress in achieving our inflation and employment goals," said Bowman, who supported the Fed's decision this week to leave the benchmark overnight interest rate at the current range of 4.25% to 4.5%.
- From federalreserve.gov|Jan 9, 2025
Let me begin by recognizing the devastation caused by the fires in the Los Angeles area. My thoughts and prayers are with those who have been impacted and the first responders who are fighting to bring the fires under control. I would like to thank the California Bankers Association for the invitation to speak to you today. I appreciate the opportunity to reflect on the past year, on both the path of monetary policy and the economy and on how this past experience can inform the bank regulatory agenda as we look ahead to a new year. In light of the policy decisions at the last few Federal Open Market Committee (FOMC) meetings, I will begin by providing some perspective on my votes and then discuss my current views on the economy and monetary policy. post: FED'S BOWMAN: WE SHOULD BE CAUTIOUS IN CONSIDERING CHANGES TO POLICY RATE || BOWMAN SAYS SHE SUPPORTED DECEMBER RATE CUT AS 'FINAL STEP' IN POLICY RECALIBRATION post: BOWMAN: CURRENT STANCE OF POLICY MAY NOT BE AS RESTRICTIVE AS OTHERS MAY SEE IT || INFLATION CONCERNS MAY PARTLY EXPLAIN RISE IN 10-YEAR TREASURY YIELD || INFLATION ELEVATED, SEE UPSIDE RISKS, PROGRESS HAS STALLED
- From @FirstSquawk|Dec 6, 2024|2 comments
post: FED'S BOWMAN: DOESN'T TAKE A DISSENTING VOTE ON POLICY LIGHTLY FED'S BOWMAN: INFLATION IS BIGGEST PRIORITY WHEN MAKING POLICY CHOICES FED'S BOWMAN: FED STILL HASN'T ACHIEVED ITS 2% INFLATION TARGET post: *BOWMAN: LOWERING POLICY RATE TOO QUICKLY COULD REIGNITE INFLATION post: FED'S BOWMAN: I WANT TO PROCEED CAUTIOUSLY AND GRADUALLY WITH RATE CUTS. post:
FED'S BOWMAN: PROGRESS ON INFLATION SEEMS TO HAVE STALLED. post: FED'S BOWMAN: UNEMPLOYMENT RATE STILL 'WELL BELOW' FULL EMPLOYMENT LEVEL FED'S BOWMAN: CORE INFALTION 'UNCOMFORTABLY' ABOVE FED'S 2% TARGET FED'S BOWMAN: UPSIDE RISKS TO INFLATION REMAIN PROMINENT FED'S BOWMAN: LABOR MARKET DATA HAVE GOTTEN HARDER TO INTERPRET
- From federalreserve.gov|Nov 22, 2024
Discussions of artificial intelligence (AI) inevitably center on two main points: risks and benefits.1 Both of these can be frustratingly vague and amorphous. Proponents of AI project its widespread adoption will be as momentous as the industrial age—radically improving efficiency, increasing labor productivity, and changing the world economy. Skeptics largely focus on the risks, noting that it may introduce new and unpredictable variables into the economy and the financial system, including new forms of cyber-risk and fraud. It ...
- From ca.finance.yahoo.com|Nov 20, 2024
Two Federal Reserve governors on Wednesday laid out competing visions of where U.S. monetary policy may be heading, with one citing ongoing concerns about inflation and another expressing confidence that price pressures will continue to ease. The separate speeches by Michelle Bowman and Lisa Cook show the set of concerns central bank officials will be weighing as they decide whether to approve another quarter-percentage-point reduction in the benchmark policy rate at their Dec. 17-18 meeting. Once seen as highly likely, investors now ...
- From federalreserve.gov|Nov 20, 2024|1 comment
Good afternoon. It is a pleasure to join you for today's meeting of the Forum Club of the Palm Beaches. It is truly humbling for me to be invited to speak to your membership, in the company of the many influential leaders, authors, and other public figures this organization has hosted since its founding in 1976. Before turning to the main topic of my remarks today, I want to briefly share with you a bit about my background. I am one of the longest serving members currently on the Board of Governors of the Federal Reserve System (Board), having served as a Board member since November 26, 2018. As a member of the Board, I am a permanent voting member of the Federal Open Market Committee (FOMC) and serve in other capacities—I lead the Board committees on smaller and community banks and on consumer and community affairs and serve as a member on other committees that broadly address supervision and regulation and payments. I also provide input into the full range of matters that come before the Board. I am the first Governor appointed to fill the role created by Congress for someone with demonstrated primary experience working in or supervising community banks, banks with less than $10 billion in assets.2 I have been both a banker, working in the community bank owned and operated by my family since 1882, and a bank supervisor—as the Kansas State Bank Commissioner. Early in my career, I spent almost a decade working in public service in several federal government roles, including setting up the Department of Homeland Security after 9/11 and as a Deputy Assistant Secretary and policy advisor to the first Homeland Security Secretary, Tom Ridge. I also served as a counsel on several U.S. House Committees, and as a staff member for the former U.S. Senator from Kansas, Bob Dole. These experiences have provided me with a post: Fed’s Bowman: Should Pursue Cautious Approach On MonPol - May Be Closer To Neutral Than Policymakers Currently Think, Says Inflation Is A Concern - Says She Sees Neutral Rate ‘Much Higher’ Than Pre-Pandemic - Backed November Cut As It ‘Aligns’ With Her Preference To Gradually… post: FED'S BOWMAN: THE ECONOMY IS STRONG, THE LABOR MARKET IS NEAR FULL EMPLOYMENT, AND INFLATION IS ELEVATED. post:
FED'S BOWMAN: I SEE A GREATER RISKS TO THE PRICE STABILITY MANDATE, THOUGH DETERIORATION IN LABOR CONDITIONS IS POSSIBLE.
- From federalreserve.gov|Oct 23, 2024
Good morning. It is a pleasure to join you for the second day of the Eighth Annual Fintech Conference hosted by the Federal Reserve Bank of Philadelphia. While I am disappointed not to be able to join you in person this morning, I am pleased to be among the more than 1,000 participants joining today's discussion online. The agenda today promises to be just as informative and thought-provoking as yesterday's session. Given that this conference provides an opportunity to engage in discussions about fintech and its importance in the financial services industry, I'd like to reiterate something I have highlighted a number of times in the past. Regulators have an obligation to understand the functionality of new innovations, including the benefits that innovation can bring and the accompanying risks.2 Conferences like this enable us to expand our knowledge and understanding of these benefits and risks by bringing together experts throughout the financial system to discuss important developments and emerging issues related to financial technology. These discussions help to inform our work throughout the Federal Reserve System. post:
FED'S BOWMAN DOES NOT COMMENT ON ECONOMIC OR MONETARY POLICY OUTLOOK IN INTRODUCTORY REMARKS TO PHILADELPHIA FED FINTECH CONFERENCE
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