Federal Reserve Governor Bowman said on Thursday that the U.S. economy was strong and pointed to recent data showing inflation fell last month, although she acknowledged investors were worried that Trump's trade policies would harm the economy and trigger recent financial market fluctuations, but she declined to express any opinion on how tariffs would affect inflation or the labor market. "We are watching and waiting to see how the path of these policies continues to evolve, and we will understand the economic impact," Bowman said at a hearing reviewing Bowman's nomination for vice chairman of the Federal Reserve's supervision. "It's not clear because we don't know what economic policy will look like."