Fed's Bowman remains cautious about changing policy stance

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Fed's Bowman remains cautious about changing policy stance
Federal ReserveOverreacting
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Federal Reserve Governor Michelle Bowman on Tuesday said she remains cautious about any shift in central bank policy as she sees continued upside risks for...

FILE PHOTO: Federal Reserve Governor Michelle Bowman gives her first public remarks as a Fed policymaker at an American Bankers Association conference in San Diego

Bowman's prepared remarks to a gathering of bankers in Alaska reflect her continued stance as one of the Fed's more hawkish policymakers. While she refrained for a second time from saying she stood ready, if necessary, to further lift rates as has been her position previously, she offered little indication she is ready to endorse a rate cut at the Fed's Sept. 17-18 meeting, as is now widely expected.SAMUEL A. LANDY, PRESIDENT AND CHIEF EXECUTIVE OFFICER OF UMH PROPERTIES, INC.

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