Federal Reserve Alert! Governor Michelle W. Bowman speaking on the potential politicization of CBDC policy objectives: “potential to allow the government to limit certain types of private spending or limit access to banking accounts, it could also threaten the Federal Reserve’s independence.”

by Dismal-Jellyfish Governor Michelle W. Bowman at the Georgetown University McDonough School of Business Psaros Center for Financial Markets and Policy, Washington, DC Source: https://www.federalreserve.gov/newsevents/speech/bowman20230418a.htm Highlights: While the Federal Reserve plays an important role in these ongoing discussions and technical …

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Inflation Alert! Fed Governor Michelle W Bowman: ‘once we achieve a sufficiently restrictive federal funds rate, it will need to remain at that level for some time’ ‘It is likely that as a part of this process, labor markets will soften somewhat before we bring inflation back to our 2 percent goal.’

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/speech/bowman20230110a.htm Thank you, Bill, and I’d also like to thank Alex Sanchez and the Florida Bankers Association for the invitation to be with you today. It is a pleasure to be here in person to discuss issues that …

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