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Fed Governor Bowman adjusts rate stance, says hikes likely over but not ready to cut yet

January 9, 2024

Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said Monday she’s adjusted her stance somewhat and indicated that interest rate hikes are likely over. However, she said she’s not ready to start cutting yet. In remarks delivered at a private event in South Carolina, Bowman noted the progress made against inflation and said it should continue with short-term rates at their current levels.

 

 

Article Source: CNBC

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