Bowman, The U.S. Economy and Considerations for Monetary Policy

AI desk brief

Fed Vice Chair Bowman supported October’s hold at 3.75–4.00%, saying inflation pressures were persisting while the labor market was firming; she estimated October core PCE inflation at 3.3%. Speaking in a personal capacity, she favored assessing incoming data and tighter financial conditions before further policy changes, while forecasting inflation closer to 2% next year as temporary shocks fade. She reported a stronger dollar and warned energy-cost pass-through could prolong inflation. Persistent inflation could delay easing and weigh on gold, although Bowman cautioned that additional tightening must be weighed against costs to rate-sensitive sectors; policy remains data-dependent ahead of December.