TechFlow News, March 20: According to JINSHI Data, Federal Reserve Governor Michelle Bowman—a dovish official—told Fox Business Network in an interview that it is still too early to assess the impact of the Iran conflict. She expects robust economic growth this year, supported by government supply-side spending. Bowman stated she has not heard reports of corporate layoffs, yet remains concerned about the labor market. She also reiterated her expectation of three rate cuts this year. Regarding banking regulation, Bowman emphasized the importance of ensuring that the current regulatory reforms fully consider banks’ needs and stressed that regulations will continue to be tailored to individual banks’ characteristics. She is closely monitoring developments in the private credit sector and paying attention to leverage in the artificial intelligence field, ensuring regulators remain vigilant against associated risks. Bowman expressed enthusiasm about working with Kevin Warsh and noted that his confirmation would have a significant impact on the Federal Reserve. On Fed Chair Jerome Powell, Bowman said Powell has clearly outlined his tenure plans at the Fed and that Powell himself should address related matters.
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