Time to Consider Adjusting the Policy Rate: Fed Governor Bowman

Federal Reserve Chair Jerome Powell said that while there have been three months of ‘favorable inflation readings,’ concerns remain.

Federal Reserve Governor Michelle Bowman at an American Bankers Association conference in San Diego, Calif., on Feb. 11 2019. Ann Saphir/Reuters

Federal Reserve Governor Michelle W. Bowman said on Monday that the U.S. central bank should consider bringing down interest rates if inflation remains contained or if data shows a weakening in labor market conditions.

The Federal Reserve kept interest rates unchanged at a range of 4.25 percent to 4.5 percent at the fourth Federal Open Market Committee (FOMC) meeting on June 18