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Federal Reserve Governor Michelle Bowman indicated that upcoming months should provide clarity on the incoming administration's policies and inflationary pressures. She highlighted that new leadership at banking agencies is expected to result in a shift in regulatory priorities and approaches. Bowman advocated for a more pragmatic approach to policymaking, suggesting that regulators should tailor rules according to bank size, enhance transparency, and prioritize safety and soundness. Additionally, she expressed concerns regarding the current stance of monetary policy, suggesting it may not be as restrictive as perceived by others. Bowman's comments were made during a speech at a California Bankers Association event.
Federal Reserve Governor Michelle Bowman says she is concerned that the current stance of monetary policy “may not be as restrictive as others may see it.” She speaks at a California Bankers Association event https://t.co/7dMcCLla7U https://t.co/yLXzpRQjoj
Michelle Bowman, top contender for next Fed vice chair for supervision, says she expects leadership changes at banking agencies to translate into a shift in priorities and approach. No mention of crypto or stablecoins, though she says "we all want a banking system in which… https://t.co/1GnqjKYDIN
Federal Reserve's Bowman expects new leadership at banking agencies to bring about changes in regulatory priorities and approach. #Finance #Banking #Regulation