Federal Reserve Governor Bauman Says It's Premature to Assess Iran War's Inflation Impact, Backs Rate Cut Language on May 29

GateNews
According to Federal Reserve Governor Bauman, on May 29, it is premature to assess the impact of the Iran-Israel conflict on inflation. She supports maintaining language in the Federal Reserve's post-meeting statement that suggests further rate cuts remain possible. Bauman stated that policymakers should adopt a "wait-and-see" approach to temporary price shocks driven primarily by energy prices, provided the Fed maintains credibility in its commitment to reaching its inflation target. This position distinguishes her from other policymakers who favor signaling that the next policy move could go in either direction—rate hikes or cuts.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments