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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.”...
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