We should be careful and intentional about any significant changes to the regulatory framework, including imposing new requirements that will materially increase funding costs like higher capital requirements.
Bowman emphasizes caution in changing regulatory frameworks to avoid increasing costs.
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If we allow this to occur, we will end up with a system of significantly fewer banks serving significantly fewer customers. Those who will likely bear the burden of this new banking system are those at the lower end of the economic…
Should inflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting.
The economy remains strong, with solid growth in economic activity and a labor market near full employment.