Bauman's words are quite interesting; temporarily ignoring price shocks leaves an opening for the market, and the expectation of interest rate cuts isn't completely dead.

Federal Reserve Board Member Bowman stated that it is premature to assess the impact of the Iran war on inflation, and a "temporary disregard" attitude should be taken toward the short-term price shocks. She supports the wording retained after last month's meeting that leaves open the possibility of further rate cuts, unlike some policymakers who want the market to clarify the next steps. She hopes to have a clearer understanding of the economic impact and sustainability of the Middle East conflict, and as long as the credibility of achieving inflation targets remains unchanged, this attitude is appropriate.