Fed's Bowman Signals Openness to Pausing Rate Hikes If Inflation Keeps Falling
• Fed governor Michelle Bowman's hawkish stance on monetary policy has "evolved"
• Bowman now sees a chance inflation could fall without further rate hikes
• If inflation keeps declining, cutting rates may eventually be appropriate to avoid slowing growth too much
• Bowman said "we are not yet at that point" and some upside inflation risks remain
• In past speeches, Bowman had expected another rate hike to be needed, but the Fed held rates steady in December