Federal Reserve Governor Bowman: If credibility is maintained in monetary policy, energy shocks can be overlooked

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

The Federal Reserve's current "moderately tight" policy is aimed at boosting employment and lowering inflation. Progress in lowering inflation has stalled, and the Federal Reserve was correct to maintain a dovish bias in its April 29 policy statement (Jin Shi).