financetom
Economy
financetom
/
Economy
/
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
Jul 22, 2025 5:37 AM

(Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important."

"It's very important ... that we maintain our independence with respect to monetary policy," Bowman said in a CNBC interview ahead of a day-long conference she is hosting at the Fed on bank regulation.

"But we also, as part of that independence, have an obligation for transparency and accountability as well. But we also have an obligation, in my view, as we have throughout my time on the board here since 2018, to listen to a broad range of voices to understand how others are viewing the economy and how that should influence our decisions in monetary policy making."

The remarks from Bowman, appointed to the Fed Board of Governors by President Donald Trump in his first term and recently elevated by him to be the top banking regulator at the central bank, come as Trump has ramped up his criticism of the Fed and of its leader, Chair Jerome Powell, for not lowering interest rates as Trump wishes.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Crypto Daybook Americas: Bitcoin Steady Before Jobs Data, Shrugs Off Eric Trump Endorsement
Crypto Daybook Americas: Bitcoin Steady Before Jobs Data, Shrugs Off Eric Trump Endorsement
Feb 7, 2025
By Omkar Godbole (All times ET unless indicated otherwise) The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It's surprising prices have not yet crossed that threshold, especially after President Donald Trump's son, Eric, encouraged the family-linked WLFI to invest in BTC in a post on X on Thursday. Typically, such endorsements during...
Factbox-Brokerages stick to slower pace of Fed rate cut forecasts ahead of payrolls data
Factbox-Brokerages stick to slower pace of Fed rate cut forecasts ahead of payrolls data
Feb 7, 2025
(Reuters) -Most brokerages continue to expect a slower pace of interest rate cuts from the U.S. Federal Reserve in 2025 ahead of a non-farm payrolls (NFP) report due today amid uncertainty from President Donald Trump's tariff policy. President Trump's tariff policy is expected to drive up inflation and will increase pressure on the U.S. central bank as it looks to...
Republican tax, spending package to be unveiled this weekend, US House speaker says
Republican tax, spending package to be unveiled this weekend, US House speaker says
Feb 7, 2025
WASHINGTON, Feb 7 (Reuters) - Congressional Republicans' tax and spending package will be announced this weekend, U.S. House Speaker Mike Johnson said on Friday. Probably not today, Johnson said of an announcement. We got a few more things work on today and tomorrow, but we're planning for a mark up on probably Tuesday. ...
Trump inherits a labor market at full employment. Can he keep it there?
Trump inherits a labor market at full employment. Can he keep it there?
Feb 7, 2025
WASHINGTON (Reuters) - Defying fears of a pandemic-driven Great Depression and bucking Federal Reserve interest rate hikes as well, the U.S. job market has hit what U.S. central bank officials are characterizing as a moment of stable full employment, with balanced wage and job growth and a low unemployment rate. With consumers spending and businesses confident, the baseline outlook is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved