Powell and Bowman diverge on tariff and price risks
Fed chair and vice-chair for supervision both express concern for labour market
The US Federal Reserve’s chair, Jerome Powell, and its vice-chair for supervision, Michelle Bowman, offered differing views on monetary policy and economic conditions in separate speeches on September 23. However, the two governors largely agreed about the risks to the labour market.
Powell told the Greater Providence Chamber of Commerce in Rhode Island that he remained uncertain about price stability risks, especially in relation to tariffs, and that he was cautious about further rate cuts.
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