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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