ChainCatcher news, according to Caixin, Federal Reserve Governor Bowman stated that inflation is the top priority in decision-making. There is a tendency to cautiously and gradually lower interest rates, as a rapid reduction in the policy rate could reignite inflation. The inflation rate is still above the Federal Reserve's 2% target, and the risks of inflation rising remain prominent.

ChainCatcher news, Federal Reserve Governor Bowman stated, "The Federal Reserve has not yet achieved the 2% inflation target, and I tend to favor a cautious and gradual approach to lowering interest rates." (Jin Shi)

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman reiterated previous comments on monetary policy, stating that the core inflation rate remains uncomfortably high above the 2% target.

ChainCatcher news, Federal Reserve Governor Bowman stated, "We are not responsible for ensuring that every bank continues to exist." (Jin Ten)

ChainCatcher news, some senior officials of the Federal Reserve have expressed concerns that inflation has not yet been defeated. Federal Reserve Governor Bowman explained in a statement that such a dramatic first rate cut could unnecessarily restore inflationary pressures. It is reported that Bowman was the only Federal Reserve governor to vote against the rate cut last week. As of Tuesday, inflation swaps and U.S. Treasury Inflation-Protected Securities both suggest that inflation may linger above the Federal Reserve's 2% target in the coming years, even if only moderately.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated that I will continue to take a cautious approach to further rate cuts, as the labor market has not shown any obvious signs of weakness. If the labor market weakens, it will support policy adjustments.

ChainCatcher message, Federal Reserve Governor Bowman stated that she still believes there are upward risks to inflation, but if price growth continues to slow, it would be appropriate for the central bank to gradually lower interest rates.In her remarks, she indicated that if future data continues to show that inflation is moving toward our 2% target, then gradually lowering the federal funds rate to prevent monetary policy from becoming overly restrictive would be appropriate.Bowman believes that there has been "some further progress in reducing inflation" in recent months, but upward risks remain due to "escalating geopolitical tensions, additional fiscal stimulus, and increased housing demand driven by immigration." Additionally, she noted that the labor market continues to loosen, with signs indicating that the labor market is moving toward a better balance.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman reiterated that inflation will remain high for some time, and it is not appropriate to cut interest rates at the moment.

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated: "I do not believe there will be a rate cut in 2024, pushing the rate cut timeline to 2025."

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Bowman stated that inflation is expected to remain high for some time. It is not yet the right time to cut interest rates, and the basic outlook remains that as the policy rate is maintained unchanged for "some time," the inflation rate will return to 2%.

ChainCatcher news, Federal Reserve Governor Bowman stated that the progress of labor market rebalancing has slowed, policies are restrictive, and they are monitoring whether it is sufficient. Inflation will remain high for some time, and if inflation stagnates or rebounds, they are willing to support the Federal Reserve in resuming interest rate hikes.

ChainCatcher news, according to The Block, Federal Reserve Governor Michelle Bowman urged state and federal governments to establish partnerships to jointly regulate stablecoins, while lawmakers are drafting related legislation.On Wednesday, Bowman was asked at the DC Blockchain Summit hosted by the Digital Chamber about the roles that state and federal governments should play in addressing stablecoin issues. Bowman stated that states are more willing to discuss the expansion in this area, "An important point for me is to establish partnerships."Bowman said, "U.S. currency comes with risks such as runs, which may require us to provide protections for the dollar. Therefore, from the Federal Reserve's perspective, it is important that we have the ability to participate and negotiate with any framework that ultimately takes shape, whether it is the current legislation or other frameworks that emerge as stablecoins develop in the U.S. The Federal Reserve should have a seat at the negotiating table."

ChainCatcher message, Federal Reserve Governor Bowman stated that the basic view remains that inflation will decline further, with policy rates staying stable. If data shows stagnation or reversal in inflation progress, there is still a willingness to raise rates in future meetings. The outlook faces many upside risks to inflation, and data will continue to be closely monitored to assess appropriate monetary policy. The Federal Reserve's monetary policy stance appears to be tightening, and it is unclear whether further supply-side improvements will continue to lower inflation.

ChainCatcher news, Federal Reserve Governor Bowman stated during a speech that "the current inflation rate is still too high, and we see a lot of inconsistent data in the economic conditions. The unusually low unemployment rate is a good sign. There is still a long way to go to bring inflation back to our target, and we need to continue raising interest rates until we see more progress." (source link)

ChainCatcher news, according to Bitcoin.com, Federal Reserve Governor Michelle W. Bowman stated at an event in Miami on Tuesday that while cryptocurrency activities may pose significant risks, the Federal Reserve does not want to hinder innovation. Bowman explained, "By stifling innovation, we may push the growth of this sector into the non-bank sector, leading to significantly reduced transparency and potential financial stability risks. We hope some banks continue to explore how to engage in activities related to cryptocurrencies."Bowman noted that while some inflation indicators have decreased in recent months, the Federal Open Market Committee is expected to continue raising interest rates to tighten monetary policy. (Source link)