Braking Down The News

Fed’s Michelle Bowman Says Large Interest-Rate Rises Could Continue

The Fed governor says she wants to see inflation declining in ‘a consistent, meaningful and lasting way’ before slowing rate rises

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A Federal Reserve official said the U.S. central bank could follow two consecutive 0.75-percentage-point rate rises this summer with a third such increase at its meeting next month.

Fed governor Michelle Bowman said she strongly supported the Fed’s 0.75-percentage-point rate increase last month and “similarly-sized increases should be on the table until we see inflation declining in a consistent, meaningful and lasting way.”

 

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