Fed’s Bowman says 75bp increases should be on the table until seen inflation declining

0
(0)
<p>U.S. Federal Reserve Governor Michelle Bowman spoke on Saturday at a Kansas Bankers Association event in Colorado. </p><p>Key takeaway comment:</p><ul><li>“I supported the FOMC’s decision last week to raise the federal funds rate another 75 basis points. My view is that similarly-sized increases should be on the table until we see inflation declining in a consistent, meaningful, and lasting way.“</li></ul><p>Bowman says she is seeing few, if any, signs of peak inflation and that she supports further rate hikes until a major decline is seen. Until then 75bp hikes are possible. </p><p>More:</p><ul><li>supply issues will continue to drive inflation</li><li>there are significant inflation risks for food, fuel, & housing in 2023</li><li>I want unequivocal inflation cooling before modifying my outlook</li><li>inflation is much too high</li><li>inflation is putting a strain on households, excessive inflation is a bigger threat to the labour market</li><li>says she sees a possibility of FOMC steps slowing or even halting growth in jobs</li><li>a pickup in H2 GDP, and then modest growth next year, is the base case</li><li>labour market is tight, but there are signs easing</li></ul><p>Michelle Bowman is a member of the Fed’s Board of Governors and is thus a voter at the Federal Open Market Committee (FOMC). </p>

This article was written by Eamonn Sheridan at www.forexlive.com.

Go to Forexlive

Wie hilfreich war dieser Beitrag?

Klicke auf die Sterne um zu bewerten!

Durchschnittliche Bewertung 0 / 5. Anzahl Bewertungen: 0

Bisher keine Bewertungen! Sei der Erste, der diesen Beitrag bewertet.

Es tut uns leid, dass der Beitrag für dich nicht hilfreich war!

Lasse uns diesen Beitrag verbessern!

Wie können wir diesen Beitrag verbessern?