Fed’s Bowman says the highs of 0.75 percentage points should be on the table

Date:

Share:

The Federal Reserve is expected to consider further interest rate hikes of 0.75 percentage points in upcoming meetings to bring high inflation back to the central bank’s target, Fed Director Michelle Bowman said Saturday.

“I supported the FOMC’s decision last week to raise the interest rate by another 75 basis points,” Bowman said in remarks prepared for a Kansas Bankers Association event in Colorado, referring to the Federal Open Market Committee that sets monetary policy. .

“My view is that increases of a similar size should be on the table until we see inflation fall consistently, significantly and sustainably.”

Bowman added that he is still open-minded about the magnitude of the increases, depending on how the economy evolves.

Source: Terra

━ more like this

World champion jiu-jitsu shot in the head after the fight at the concert

The world champion of jiu-jitsu Leandro Pereira...

Cologne dominate Schalke and win on their Bundesliga debut

Cologne received the Schalkethis Sunday, and came...

The blockade against Covid-19 turns the Chinese tourist center into a nightmare for trapped tourists

When Chinese businesswoman Yang Jing planned her...

The newcomers, Luan and Nathan train for the first time at Santos

Recently signed by Santos, right-back Nathan and...

LEAVE A REPLY

Please enter your comment!
Please enter your name here