KONTAN.CO.ID - WASHINGTON. The U.S. central bank needs to raise interest rates further to control inflation in a "timely way," Federal Reserve Governor Michelle Bowman said on Friday in remarks that sketched out a hawkish argument based on a potential rise in energy prices and a possibility the inflation battle may take years to complete. "Inflation is still too high, and I expect it will likely be appropriate for the (Federal Open Market) Committee to raise rates further and hold them at a restrictive level for some time to return inflation to our 2% goal in a timely way," Bowman said in prepared remarks for an Independent Community Bankers of Colorado event. Baca Juga: BOJ Keeps Ultra-Loose Policy, Dovish Guidance on Outlook
Fed's Bowman Says More Rate Hikes Needed to Ensure 'Timely' Inflation Control
KONTAN.CO.ID - WASHINGTON. The U.S. central bank needs to raise interest rates further to control inflation in a "timely way," Federal Reserve Governor Michelle Bowman said on Friday in remarks that sketched out a hawkish argument based on a potential rise in energy prices and a possibility the inflation battle may take years to complete. "Inflation is still too high, and I expect it will likely be appropriate for the (Federal Open Market) Committee to raise rates further and hold them at a restrictive level for some time to return inflation to our 2% goal in a timely way," Bowman said in prepared remarks for an Independent Community Bankers of Colorado event. Baca Juga: BOJ Keeps Ultra-Loose Policy, Dovish Guidance on Outlook