Fed's Bowman: Tariff impact remains unclear
Source Fxstreet
Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Thursday that although US growth figures remain healthy overall, and inflation up to this point remains under control, key difficulties still remain ahead.
Key highlights
US economy is strong.
Growth is solid, but slowing.
Inflation came down, CPI report shows.
Watching to see how evolving policies affect the economy.
Unclear how tariffs affect the economy.
Tariff effects on industry also unclear.
There has been volatility in the stock market.
Stress test process will move forward as planned.
Would "absolutely" stand up for Fed independence.
Agree with principles of cost-benefit analysis to support rule-making.
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