Fed Governor Bowman Expresses Willingness to Increase Interest Rates

Friday, 3 May 2024, 13:45

Fed Governor Michelle Bowman expressed her readiness to raise the federal funds rate depending on future economic data. Bowman stated that she is open to raising rates if inflation progress shows signs of stalling or reversing. Her comments provide insights into the Federal Reserve's future monetary policy decisions, hinting at a potential shift in interest rates to combat economic trends.
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Fed Governor Bowman Expresses Willingness to Increase Interest Rates

Fed Governor Bowman on Interest Rates

Fed Governor Michelle Bowman stated that she is open to raising the federal funds rate based on incoming economic data. Addressing concerns of inflation stalling or reversing, Bowman's willingness to take action reflects the Federal Reserve's focus on maintaining economic stability.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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