US Federal Reserve Governor Michelle W Bowman has said an additional interest rate increase will likely be needed to get inflation on a path down to its 2 per cent target.
New York [US], October 13 (ANI): The US Federal Reserve Governor Michelle W. Bowman said that "sizable increase" in the key interest rate would remain on the table if inflation continues to remain on the higher side.
Colorado [US], August 8 (ANI): The US Federal Reserve Governor Michelle W. Bowman said another "similarly-sized" - 75 basis points -- increase in key interest rates should be on the table until the economy sees inflation declining in a "consistent, meaningful, and lasting way".