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Fed's Bowman says time to 'wait and see' on further rate moves

Original: Fed's Bowman says there's time to 'wait and see' before any more action

Federal Reserve Governor Michelle Bowman said there is time to 'wait and see' before taking further policy action, signalling she favors a cautious approach to additional interest rate moves. Her comments suggest she wants more evidence on the economy and inflation before supporting another change, and they are drawing attention as markets and businesses watch closely for clues about the central bank's next decision.

Why now: Her comments offer a signal on the Fed's next interest rate move, which markets are watching closely.

Michelle BowmanFederal Reserve

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Evidence

• Fed's Bowman says there's time to 'wait and see' before any more action · Reuters
• Fed's Bowman says there's time to 'wait and see' before any more action · Charlotte Observer

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