Nick Timiraos: Federal Reserve official Bowman attended private Bank of America dinner in New York

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Nick Timiraos: Federal Reserve official Bowman attended private Bank of America dinner in New York — Fed official attended private client dinner

Nick Timiraos, chief economics correspondent at Wall Street Journal, reports that Michelle Bowman, vice chair of supervision at the Federal Reserve, attended a private, invitation-only dinner hosted by Bank of America for clients in New York on Wednesday evening. This event occurred just hours after the central bank’s latest policy decision was announced.

Bowman has stated she did not take a particular action, according to comments in the report.

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Timiraos has previously reported on the Federal Reserve shifting its discussion from rate cuts to a possible hike at Kevin Warsh's first meeting as chair, as noted in recent coverage. He also estimated that April's core PCE inflation would rise to 3.3 percent, the highest level since November 2023, according to forecasts. These developments come as Fed officials navigate policy decisions and public engagements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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