Michelle Bowman, Fed vice chair for supervision, said Thursday she does not currently see an urgency to take further action on rates. She said officials should wait to assess current economic trends and the impact of September's rate hike before deciding on further policy moves, adding that inflation remains above the Fed's target and a clearer read on trends is needed.

2026-10-02

Michelle Bowman, Fed vice chair for supervision, said Thursday she does not currently see an urgency to take further action on rates. She said officials should wait to assess current economic trends and the impact of September's rate hike before deciding on further policy moves, adding that inflation remains above the Fed's target and a clearer read on trends is needed.