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Fed Governor Bowman Says It's Too Early to Assess Iran War's Inflation Impact on May 29

GateNews
CommoditiesForex
According to Jin10, on May 29, Federal Reserve Governor Bowman said it is premature to judge the impact of the Iran war on inflation, suggesting policymakers should take a "temporary ignore" approach to price shocks caused primarily by energy prices. Bowman supports maintaining language in the Fed's policy statement that leaves open the possibility of further rate cuts, distinguishing her from other officials who want the central bank to signal that the next move could be either a rate increase or decrease. She stated that clearer understanding of the economic effects of Middle East conflicts is needed when considering the future course of monetary policy.
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