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Federal Reserve Governor Michelle Bowman has stated that she believes interest rates will need to increase further in order to quickly return inflation to the Fed's 2% goal. This statement contradicts the views of Atlanta Fed President Raphael Bostic, who believes that policymakers do not need to raise rates any further and that current policy is already restrictive enough to bring inflation back to the 2% goal. Bowman's comments suggest that interest rates may need to rise and stay higher for longer than previously expected in order to curb inflation. However, she also acknowledges that financial market conditions have tightened, allowing for some patience in implementing rate hikes.
Higher Rates May Be Needed to Curb Inflation, Fed’s Bowman Says - BBG https://t.co/1V9yk1eVgv
🇺🇸 Fed's Bowman said interest rates may need to rise further and stay higher for longer than previously expected to get inflation down to the central bank’s goal - Bloomberg
Higher Rates May Be Needed to Curb Inflation, Fed’s Bowman Says A little less hawkish than “multiple rate hikes” needed in earlier communications. “Financial market conditions have certainly tightened. That allows us a little bit of patience” https://t.co/DnAuCkbms7
Atlanta Fed President Raphael Bostic reiterates that he doesn’t think policymakers need to raise rates any further and that policy is restrictive enough to bring inflation back to their 2% goal https://t.co/O8bPdoM0sU
Atlanta Fed President Raphael Bostic reiterates that he doesn’t think policymakers need to raise rates any further and that policy is restrictive enough to bring inflation back to their 2% goal https://t.co/pQI1KE2JQc
Atlanta Fed President Raphael Bostic reiterates that he doesn’t think policymakers need to raise rates any further and that policy is restrictive enough to bring inflation back to their 2% goal https://t.co/MpaepgaflU
Fed's Bowman said she’s sticking with her call that interest rates will likely need to increase further to return inflation to the Fed’s 2% goal quickly - Bloomberg