Federal Reserve Governor Bowman: Tariff Impact "Still Uncertain"

BlockBeats News, April 11th, Federal Reserve Governor Bowman said on Thursday local time that the U.S. economy is strong and pointed out that recent data showed a decline in inflation rates last month. She acknowledged that investors are concerned that Trump's trade policy could harm the economy, leading to recent financial market volatility, but she declined to comment on how tariffs would affect inflation or the labor market.

During a hearing to review Bowman's nomination as vice chair of the Federal Reserve Board, Bowman said, "We are watching and waiting to see how the path of these policies continues to evolve, and we will understand their economic impact." "It is not clear yet because we do not know what economic policy will look like." (FXS)