On Thursday, Fed Chair Bowman stated that the U.S. economy is strong, noting that recent data showed a decrease in inflation last month. While she acknowledged that investor concerns that Trump's trade policy could hurt the economy caused recent volatility in financial markets, she declined to comment on how tariffs would impact inflation or the labor market. During the hearings regarding Bowman's nomination for the position of Vice Chair of the Fed for supervision, Bowman said: "We are observing and waiting to see how this policy will develop and learn about its economic impact." "At this point, everything is unclear because we do not know what economic policy will look like.