Federal Reserve Governor Bowman: The U.S. economy shows strong resilience, and the neutral interest rate may have risen

Federal Reserve Governor Bowman stated that the U.S. economy has shown strong resilience since the COVID-19 pandemic, and the neutral level of the policy interest rate may have risen. She pointed out that low borrowing costs and active fiscal policies have helped stabilize the economy, despite the Federal Reserve's significant interest rate hikes in 2022 and 2023. Bowman believes that population growth, the rise of new technologies, and new businesses have boosted investment demand, and the stability of fiscal policy has also increased savings demand. The Federal Reserve remains focused on bringing the inflation rate down to the 2% target