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Fed Vice Chair Bowman: No urgent need for further action after September rate hike
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Federal Reserve Vice Chair for Supervision Michelle Bowman stated there is no urgent need for further interest rate action following the Fed's September hike, according to a podcast interview with the Atlantic Council's Josh Lipsky. Bowman also discussed the future of artificial intelligence in banking, changes to banking regulation, and the Fed's push to finalize Basel III by the end of the year. The conversation was part of the Atlantic Council's AC Front Page Podcast, hosted by Juliette Matos, which features exclusive interviews with senior US officials and global decision-makers. Bowman's comments suggest a cautious approach to monetary policy moving forward, while highlighting ongoing regulatory priorities and the integration of AI in the financial sector.
Source report
What’s Next for Interest Rates After the Fed’s September Hike?
Federal Reserve Vice Chair for Supervision Michelle Bowman says there is no urgent need for further action. In a conversation with the Atlantic Council’s Josh Lipsky, Bowman also discusses:
- The future of artificial intelligence in banking
- Changes to banking regulation
- The Fed’s push to finalize Basel III by the end of the year
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Related Experts: Michelle W. Bowman, Josh Lipsky
Image: A view shows the Federal Reserve building on the day it is scheduled to release minutes of the Federal Open Market Committee from August 1, 2012, in Washington, August 22, 2012. REUTERS/Larry Downing (UNITED STATES - Tags: BUSINESS)
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Fed's Bowman Says No Urgent Need for Further Rate Action After September Hike