Federal Reserve Board Governor Michelle Bowman is speaking on:
"The Innovation Imperative: Modernizing the U.S. Banking System"
says:
- Banking system has strong capital and liquidity and the Fed board is carefully monitoring developments
- US banking system remains resilient and on a solid foundation
Does not comment on monetary policy, economic outlook in her prepared remarks
Before Monday this may well have passed by without much attention but, well, ya know :-D
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As a Governor at the Federal Reserve Bowman is a permanent voter on the Federal Open Market Committee (FOMC). The next meeting of the Committee is March 21 and 22.
