Fed Governor Bowman: It is appropriate to raise interest rates and maintain them at restrictive levels
According to the Daily Planet, Fed Governor Bowman said it would be appropriate to further raise interest rates and maintain them at restrictive levels for a period of time. The latest U.S. jobs report showed solid job growth in the labor market. The frequency and scope of recent data revisions have added to the complexity of economic forecasts. Inflation progress is likely to be slow, suggesting the need for further policy tightening.
According to the Daily Planet, Fed Governor Bowman said it would be appropriate to further raise interest rates and maintain them at restrictive levels for a period of time. The latest U.S. jobs report showed solid job growth in the labor market. The frequency and scope of recent data revisions have added to the complexity of economic forecasts. Inflation progress is likely to be slow, suggesting the need for further policy tightening.