Fed's Bowman says 75bp increases should be on the table until seen inflation declining

Fed's Bowman says 75bp increases should be on the table until seen inflation declining

U.S. Federal Reserve Governor Michelle Bowman spoke on Saturday at a Kansas Bankers Association event in Colorado. Key takeaway comment: - "I supported the FOMC's decision last week to raise the federal funds rate another 75 basis points. My view is that similarly-sized increases should be on the table until we see inflation declining in a consistent, meaningful, and lasting way." Bowman says she is seeing few, if any, signs of peak inflation and that she supports further rate hikes until a major decline is seen. Until then 75bp hikes are possible. More: - supply issues will continue to drive inflation - there are significant inflation risks for food, fuel, & housing in 2023 - I want unequivocal inflation cooling before modifying my outlook - inflation is much too high …
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