Fed's Bowman Prefers Cautious, Gradual Approach to Rates

The transcript discusses the Federal Reserve's approach to adjusting the federal funds rate towards a neutral policy stance. It emphasizes the importance of gradual adjustments, considering economic conditions, inflation, and employment goals. The speaker expresses concerns about the impact of easier financial conditions on inflation and highlights the significance of monitoring Treasury yields. The transcript also outlines the importance of reviewing inflation and employment data to guide future policy decisions, emphasizing the Fed's dual mandate of maximum employment and stable prices.

What is the significance of the inflation and employment reports mentioned in the text?

What are the dual mandate goals of the Fed as stated in the text?