"Federal Reserve Officials Discuss Risks and Timing of Rate Adjustments"

Governor Bowman discusses the challenges of setting monetary policy amid uncertainties and risks, including the impact of the post-financial crisis economy, the COVID-19 shock, and the resurgence of inflation. She highlights the Federal Reserve's response to the pandemic, the shift in monetary policy stance, and the need for robust decision-making and communication in the face of evolving economic conditions. Additionally, she emphasizes the importance of separate tools for monetary policy and financial stability, and outlines her views on the near-term economic outlook, prominent risks and uncertainties, and the implications for monetary policy.