Michelle Bowman, Interview: Tennessee Bankers Association Credit Conference

Print only, no video or meeting transcript available.

Fed Funds

“I think there’s a long way to go before we reach our 2% inflation objective and I think we’ll have to continue to raise the federal funds rate until we see a lot more progress on that.”

Pause

Asked what she would need to see to favor pausing the tightening campaign, Bowman said it would be “a consistent decline in inflation.”

Inflation

“I don’t think we’re seeing what we need to be seeing, especially with inflation, those numbers have been jumping around a little bit.  We were seeing some progress in lowering inflation at the end of last year, but some of the data that we’re seeing early this year is not tracking with consistently lowering inflation in a way that I would like to see.”