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Fed's Bowman: Policy rate will need to remain sufficiently restrictive for some time

Fed's Bowman: Policy rate will need to remain sufficiently restrictive for some time
Additional rate hikes 'likely appropriate' if inflation stays high, labour market stays tightPolicy is now restrictive but uncertain if it is sufficiently restrictive to bring down inflationInflation is still much too highPolicy action is not on a pre-set courseRecent data have not provided consistent evidence that inflation is on a downward pathIn simpler words, she is saying that their priority is still to combat inflation and that rate hikes may not be over and done with yet. However, by ackn... Read More
Posted: May 12 2023, 07:02
Author Name: forexlive
Views: 102124

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