Michelle Bowman, Speech/Q&A: Fed Listens Event hosted by The Federal Reserve Bank of Dallas

Q&A Segment –

Fed Funds

“And as Lorie also said, inflation continues to be an issue that we’re grappling with, especially with FOMC. It continues to be far above our target, and we clearly need to continue to work to bring inflation down.”

Banking

“When I talk to bankers, they had an expectation from probably last summer that they would begin to start to be more selective with their credit and their investments and offerings of lending opportunities. And I think that’s continued. I think there’s some expectation that we might see some

Speech Segment –

Fed Listens

“It is a simple fact that what the Fed does in Washington has a significant impact on how families and businesses spend, borrow and plan for the future. That is exactly why we need to learn about the experiences of people in Odessa, Midland and other communities in the Permian Basin. Lately, as you know, the Fed has been focused on lowering inflation, which is essential if we want to support a growing economy and rising incomes. We want to hear how inflation, along with the higher interest rates needed to bring inflation down, is affecting you and your communities. These conversations provide important context to the economic data that we consider, and they help guide our thinking about how we can best achieve stability and support for the economic well-being of all Americans.”