Fed Governor Bowman: If credibility in monetary policy is maintained, energy shocks can be ignored

Odaily Planet Daily News Fed Governor Bowman stated that if the Fed maintains credibility in monetary policy, it can ignore energy shocks. If war-driven inflation spreads, it will consider adjusting its policy outlook.

The Fed's current "moderately tight" policy aims to boost employment and lower inflation. Progress in reducing inflation has stalled, and the Fed was correct to maintain an accommodative bias in its April 29 policy statement (Jinshi).