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Fed’s Bowman: Policy rate may need to rise further
Fed Governor Michelle Bowman acknowledged in a speech the progress made in curbing inflation. However, she quickly pointed out “inflation remains well above the FOMC’s 2 percent target.” She highlighted the robust pace of domestic spending and the prevailing tightness in the labor market. These factors indicate that “the policy rate may need to rise […] The post Fed’s Bowman: Policy rate may need to rise further appeared first on Action Forex...
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Posted: Oct 11 2023, 08:30
Author Name: actionforex
Views: 082692