The Fed last week left its policy rate in the 5.25%-5.50% range, and though Fed Chair Jerome Powell left the door open to another interest-rate hike, he said that recently tighter financial conditions could slow the economy on their own.
The 10-year Treasury yield has fallen since then, but at around 4.58% remains about 75 basis points higher than it was in late July, when the Fed last raised the policy rate.
The economy has been strong in the face of the Fed's rate hikes so far, she said, though frequent and large data revisions make tracking conditions challenging.
Much of Bowman's speech was a rundown of her criticisms of recent Fed regulatory proposals and rule-making on bank capital, community lending requirements, and climate risks.
Reporting by Ann Saphir; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons:
Michelle Bowman, Bowman, Jerome Powell, Ann Saphir, Andrea Ricci
Organizations:
Federal, Ohio Bankers League, Fed, Treasury, Thomson
Locations:
U.S