Inflation Remains 'Uncomfortably' High, Bowman Warns

Speaking at the Missouri Bankers Association Executive Management Conference, Federal Reserve Governor Michelle Bowman emphasized the persistent upside risks to inflation, which remains 'uncomfortably' above the central bank's 2% goal. Bowman cautioned against lowering the policy rate too quickly, as it could reignite inflation.

Next week's inflation data will be pivotal in shaping the Fed's rate decisions, according to Bowman. She noted that unemployment is at historically low levels, well below her estimate of full employment, and she continues to see greater risk to the price stability side of the Fed's mandate.