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Fed’s Michelle Bowman Stresses Need for More Rate Increases
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Federal Reserve governor Michelle Bowman said she sees the need to keep raising interest rates and then hold them at a higher level to tackle inflation.
“We are still far from achieving price stability, and I expect that it will be necessary to further tighten monetary policy to bring inflation down toward our goal,” Ms. Bowman said Monday at an American Bankers Association community-banking conference in Orlando, Fla. “Doing so will likely lead to subdued growth in economic activity and some softening in labor market conditions.”
Read more on wsj.comAbout this in other media
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases wsj.com /1 year ago
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases wsj.com /1 year ago
Inflation Report Keeps Fed on Track to Continue Rate Increases wsj.com /1 year ago
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