Fed’s Bowman: More rate hikes needed if inflation, job market remain strong
May 12, 2023 | Jennifer Schonberger | Yahoo!finance
Federal Reserve Governor Michelle Bowman said Friday morning that if inflation remains high and the job market remains strong more interest rate hikes would be needed.
“I will look for signs of consistent evidence that inflation is on a downward path when considering future rate increases and at what point we will have achieved a sufficiently restrictive stance for the policy rate,” Bowman said in a speech given at a Harvard Business School-sponsored conference at the European Central Bank in Frankfurt, Germany.
