Central bank digital currencies (CBDCs) might pose “significant risks, challenges, and tradeoffs,” warned Federal Reserve governor Michelle Bowman in a recent speech. It has been about a year since President Joe Biden signed an executive order that directed the federal government to examine the technological infrastructure and capacity for establishing a CBDC. Since then, the…
Digital Dollar Could Pose ‘Significant Risks’ to Americans’ Freedom, Fed Official Warns
April 24, 2023
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Business & MarketsCBDCeconomic policieseconomyFederal ReserveMichelle BowmanPolicies & ImpactsUSUS News
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Federal Reserve Governor is ‘Concerned’ About Number of Banks Falling 71 Percent Since 1983
Federal Reserve Governor Michelle Bowman is troubled by the falling number of financial institutions in the U.S. banking system. In the aftermath of the Silicon Valley Bank and Signature Bank failures, there has been more scrutiny surrounding the health and state of the financial sector. At the end of 2021, there were 4,237 banks, down…
Fed’s Bowman Says US Labor Market Could Struggle to Return to Pre-Pandemic Levels
The obstacles making it difficult for many women to work, combined with an increase in retirements, could hinder the labor market recovery and be a drag on the U.S. economy, Federal Reserve Governor Michelle Bowman said on Tuesday. Women with young children left the labor force at a higher rate than other workers and some…
Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation Risks
October 14, 2021
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Business & EconomyCompaniesEconomieseconomyExecutive BranchFedinflationMichelle BowmannovemberPoliticsriskstaperUSUS News
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Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles. The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19…
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