FED_SPEECH · May 8, 2026 · 12:00 ET
Fed Speech · Bowman
Released
Fed Speech · Bowman is scheduled for May 8, 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-to-dovish: Bowman emphasizes regulatory calibration—not monetary policy—and proposes lowering capital requirements for bank lending to investment-grade corporates to reverse credit migration
- Proposes reducing risk weights for loans to corporates 'deemed investment grade by the lending bank' from 100% to 65%, narrowing the gap with risk weights for loans to nonbank financial corporations
- Identifies a 'perverse incentive' in current capital rules: banks receive more favorable capital treatment for lending to private credit funds than for lending directly to creditworthy corporations, driving credit migration
- States that nondepository financial institution (NDFI) lending accounts for 'about 10 percent' of overall U.S. corporate borrowing, while banks' share of corporate lending fell from '48 percent to 29 percent' between 2015 and 2025
- Requires the largest banks to report financial information—including total assets, net income, and leverage—on NDFIs to which they extend credit, to enhance supervisory transparency
- Clarifies the capital proposal 'maintains the strong banking sector capital' and aims to prevent activities from leaving the regulated banking sector 'for reasons unrelated to risk or efficiency', not to weaken safety and soundness
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.