Fed’s Bowman says progress on inflation has slowed, perhaps stalled

Federal Reserve Board Governor Michelle Bowman participates in fireside chat before the Institute for International Finance (IIF) Global Outlook Forum

• Progress on inflation has slowed and perhaps stalled
• Economic conditions
  are strong
• Strength of consumer
  spending tied to ongoing job growth

And this … prospect of rate hikes!

• Current monetary policy is restrictive; time will tell if it is
  “sufficiently” restrictive

More:

• Consumers may be trading down to lower goods; but also spending large
  amounts of money on things like travel to see eclipse

This article was written by Eamonn Sheridan at www.forexlive.com.