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MNI BRIEF: Fed Gov Bowman Still Willing To Hike If Needed

(MNI) WASHINGTON

Fed Gov. Bowman cautious on inflation, says eventual rate cuts might be warranted if price pressures continue to decline.

Federal Reserve Governor Michelle Bowman reiterated her openness Tuesday to raising interest rates again if progress on inflation stalls or reverses, though she judges that current policy is restrictive and will bring inflation back to 2% over time.

"I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate that progress on inflation has stalled or reversed," she said. (See: MNI INTERVIEW: Lagging Fed To Cut 100BP This Year-LaVorgna)

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Federal Reserve Governor Michelle Bowman reiterated her openness Tuesday to raising interest rates again if progress on inflation stalls or reverses, though she judges that current policy is restrictive and will bring inflation back to 2% over time.

"I remain willing to raise the federal funds rate at a future meeting should the incoming data indicate that progress on inflation has stalled or reversed," she said. (See: MNI INTERVIEW: Lagging Fed To Cut 100BP This Year-LaVorgna)

Keep reading...Show less