Fed’s Bowman Says Too Soon to Judge Inflation Impact of War (1)

Federal Reserve Vice Chair for Supervision Michelle Bowman said it’s too soon to judge the inflationary impact from the Iran war and that policymakers need to look through temporary price shocks.

In a speech Friday outlining her approach to monetary policy, Bowman said she supported officials’ decision last month to maintain language in their post-meeting statement that suggested additional rate cuts are a possibility. That separates her from a growing number of policymakers who want the central bank to signal their next move is just as likely to be a rate hike as a reduction.

“As I think about the ...