Federal Reserve Governor Bowman: It is still too early to assess the impact of the war on inflation; temporary price shocks can be overlooked for now.

Odaily Planet Daily News: Federal Reserve Governor Bowman stated that it is still too early to assess the impact of the Iran conflict on inflation, and policymakers need to adopt a "look through" approach to temporary price shocks.

Bowman said she supports the decision made by officials last month to retain wording in the post-meeting statement suggesting that further rate cuts remain possible. This stance sets her apart from a growing number of policymakers, who want the Fed to signal that the next move could be either a rate hike or a rate cut. "In thinking about the future direction of monetary policy, I want to have a clearer understanding of the economic impacts of the Middle East conflict and their persistence. As long as our commitment to achieving the inflation target remains credible, it is appropriate to adopt a 'look through' attitude toward temporary upside inflation data primarily driven by higher energy prices." (Jinshi)