TechFlow news: Federal Reserve Governor Bowman stated that it may be appropriate to further raise interest rates and keep them at a restrictive level for some time. Inflation remains too high. The frequency and extent of recent data revisions have increased the complexity of forecasting economic developments. Given the current level of monetary policy restraint, progress on inflation is expected to be gradual, and if data indicate that inflation progress stalls or the return to 2% is too slow, I would still be open to supporting rate hikes at future meetings. Regulators appear to be engaging in "excessive intervention" in bank oversight, and this approach should be reconsidered for its appropriateness.
Add to Favorites
Share to Social Media
