Mumbai, Aug. 11 -- The US Fed Vice Chair for Supervision Michelle W. Bowman has offered her outlook on the economy and an update on the recent meeting of the Federal Open Market Committee (FOMC). She noted that at last week's FOMC meeting, she dissented from the Committee's decision to hold the policy rate at its current level. Economic conditions appeared to be shifting, and as a result, we should reflect this shift in our policy decisions. Inflation has moved considerably closer to our target, after excluding temporary effects of tariffs, and the labor market has remained near full employment. She noted that the US economy has been resilient so far this year. Underlying economic growth has slowed markedly, but despite increasing signs of ...