fired a shot across the bow of market complacency on interest rates on Friday.
, and I will continue to closely monitor the incoming data as I consider the appropriate stance of monetary policy going into our June meeting,” Bowman said. Federal Reserve Governor Michelle Bowman and Chairman Jerome Powell at Fed Listens event in Washington, DC, on Oct. 4, 2019. additional monetary policy tightening
The market, however, appears to be sticking to its view. The federal funds futures market still impliesin July and is pricing in another two or three cuts by the end of the year.