Fed Governor Bowman: Price Stability Mandate Faces Greater Risks, Though Labour Market Conditions Could Worsen

Fed Governor Bowman sees greater risks to the price stability mandate, although labour market conditions could deteriorate. The economy is strong, the labour market is near full employment and inflation is high. After accounting for hurricanes, the Boeing strike, and low response rates to surveys, nonfarm payrolls for October are expected to grow at recent averages.