Federal Reserve Governor Michelle Bowman predicts elevated inflation for some time but anticipates it will eventually cool with interest rates at current levels.
Federal Reserve Governor Michelle Bowman expects inflation to stay elevated "for some time" but anticipates it will eventually cool with interest rates at current levels. Bowman cited several upside inflation risks, such as housing scarcity and strong wage growth, and said monetary policy appears restrictive. However, incoming data will determine if it is sufficient to return inflation to the Fed's 2% target.
May 03, 2024
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