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Fed's Bowman says she is comfortable with policy stance

Reuters  |  SAN DIEGO 

(Reuters) - In her first public remarks as a U.S. central banker, said she is on board with the Fed's recent pivot to a "patient" approach to that leaves interest rates indefinitely at current levels.

"When I look at the jobs numbers and when I look at the inflation numbers, our economy's in a good place," Bowman told an conference in Wage growth is solid, she said, and inflation is close to the Fed's 2-percent target. That's good, she added, for American families and workers.

"I think our policy is in a good place," she said. "I'm comfortable with the current stance of our policy."

A former Kansas State regulator who was appointed to the U.S. last year by to fill a spot on the now reserved for a community expert, Bowman voted for a rate hike in December and for a pause to Fed rate hikes in January.

"One of the most important responsibilities of a is to serve as a permanent voting member of the FOMC," she said, referring to the that sets rate policy. She has one of 10 current votes on the panel.

On stage before an audience of hundreds of bankers, Bowman seemed equally, or perhaps even more, comfortable with talking about regulation of and challenges for small U.S. banks. Her prepared remarks dealt entirely with community rules without breaking any new ground on the policy front.

(Reporting by Ann Saphir; Editing by Andrea Ricci)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 11 2019. 23:20 IST
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