Federal Reserve Governor Michelle Bowman said Tuesday she expects more interest rate increases ahead, with higher rates to prevail for a while until inflation is subdued. “I am committed to taking further actions to bring inflation back down to our goal,” the central bank official said in remarks prepared for a speech in Florida. “In recent months, we’ve seen a decline in some measures of inflation but we have a lot more work to do, so I expect the [Federal Open Market Committee] will continue raising interest rates to tighten monetary policy.”
Source: CNBC
