Fed Governor Bowman: Large interest-rate rises could continue

In an appearance before the Kansas Bankers Association, on Saturday, US Federal Reserve (Fed) Governor Michelle Bowman said that she strongly supports super-sized rate increases to fight inflation, per Wall Street Journal (WSJ).

Key quotes

“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.”

more to come ...