FED_SPEECH · May 5, 2026 · 12:00 ET
Fed Speech · Bowman
Released
Fed Speech · Bowman is scheduled for May 5, 2026 at 12:00 ET. The actual figure appears here after the official release.
About this release
Fed governors and regional presidents speak at conferences and testimony. Because policy runs on expectations, these remarks are the committee’s expectation-management channel between meetings.
Between meetings, Fed officials steer expectations through speeches — the chair and voting members can move markets mid-sentence.
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What the statement says
Neutral: Vice Chair Bowman's speech focuses exclusively on consumer fraud protection and supervisory priorities, with no monetary policy signal
- The speech is explicitly confined to consumer fraud protection, stressing threats to financial system integrity and public trust; no mention of interest rates, inflation, balance sheet reduction, or FOMC policy path appears in the text
- Cites the 2025 SHED survey finding that 'one in five American adults experienced financial fraud or scams in 2024' (i.e., 21%), and specifies non-credit-card fraud resulted in a $63 billion net loss — the only quantified loss figure stated in the text
- States fraud incidence is similar across demographic groups — 'when we examined income levels, race, ethnicity, and gender, we found that the incidence of fraud was similar across all groups', directly quoting the conclusion anchored to footnote 7 and its cited Fed report
- Notes the Board is acting on 'over 250 comments received in response to a Request for Information jointly issued with the FDIC and OCC last June', and outlines three concrete workstreams: bank supervision, payment system operations, and interagency partnerships — all explicitly named in the 'Path Forward' section
AI-generated summary of the official text. The official statement is authoritative. Not investment advice.
Figures as published by the official source, which is authoritative. Not investment advice.