Fed’s Bowman: Rate decisions will look at jobs, economic activity

Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions.

Key Quotes

Labor market, economic activity will become a larger factor in US central bank policy discussions going forward.

Shocks, structural changes since Covid-19 pandemic may have masked transmission of Fed policy to the economy.