From The Economic Times · · 50s
US Fed Vice Chair Bowman: No Urgency for Rate Hike
US Fed Vice Chair Michelle Bowman says no urgency for another rate hike after September increase.
In brief
US Fed Vice Chair Michelle Bowman says no urgency for another rate hike after September increase. US Fed Vice Chair Michelle Bowman stated there is no urgency to raise interest rates further after the September rate hike. Originally reported by The Economic Times.
US Fed Vice Chair Bowman
US Fed Vice Chair Michelle Bowman says no urgency for another rate hike after September increase.
“I don’t feel any urgency for taking further action at this point. We really need to take some time and understand how things will evolve”
Rate Hike Impact Assessment
US Fed lifted benchmark rate by 25 basis points last month to 3.75%-4.00% target range.
Silicon Valley Bank Collapse
Bowman commissioned review into 2023 Silicon Valley Bank collapse.
Data Centre Construction
Fed examining how banks finance data centre construction for AI cybersecurity risks.
Supervisory Reorganisation
Bowman calls for complete reorganisation of Fed’s supervisory operations to strengthen oversight.
The big picture
US Fed Vice Chair Michelle Bowman stated there is no urgency to raise interest rates further after the September rate hike.
