According to Odaily, US Federal Reserve Board Member Bowman has stated that the progress of labor market rebalancing has slowed down. The policy is restrictive and is being monitored to see if it is sufficient. Inflation is expected to remain high for a period of time. If inflation stagnates or rebounds, Bowman expressed willingness to support the US Federal Reserve in restarting the interest rate hike. This statement indicates a potential shift in the Federal Reserve's approach to managing the economy, particularly in relation to inflation and interest rates.
Bowman's comments come at a time when the US economy is grappling with the effects of inflation, which has been on the rise. The Federal Reserve has been monitoring the situation closely, and Bowman's statement suggests that they may be considering more aggressive measures to curb inflation. This could include a potential increase in interest rates, which would be a significant policy shift.
The labor market has also been a key area of focus for the Federal Reserve. Bowman's comments suggest that the progress of rebalancing in this area has slowed, which could have implications for the broader economy. The Federal Reserve's policy is currently restrictive, and they are monitoring to see if this is sufficient. If not, further measures may be needed to ensure the stability and health of the US economy.