Federal Reserve Vice Chair for Supervision Michelle Bowman said inflation remains above target but she does not currently see an urgent need for further rate action, arguing the committee has time to see how financial conditions and the economy evolve after September’s 25 basis point hike to a 3.75 to 4.00 percent range. Her remarks, at an Institute of International Finance event in Bangkok, came hours before the September CPI print and align her with the officials arguing any further move should wait for more data.
Bowman sees no urgent need for further rate action
Federal Reserve Vice Chair for Supervision Michelle Bowman said on Wednesday, before the September CPI release, that she sees no urgent need for further rate action and that the Fed has time to assess the September hike.
Why it matters: Bowman joins Williams and Jefferson in the no-rush camp, which makes an October move harder to build inside the committee unless the inflation data force the issue.
Data as of Wednesday, October 14, 2026. Remarks at the Institute of International Finance summit in Bangkok on October 14, reported by Bloomberg and Reuters and read via search extracts and republication; remarks were made before the 08:30 ET CPI release. Developing item, 2 to 3 sentences by design.
Sources
- Fed's Bowman Sees No Urgency for Further Action on Rates · Bloomberg · 2026-10-14
- Fed's Bowman says there's time to 'wait and see' before any more action · Reuters · 2026-10-14