Fed Bowman: Appropriate to slow tightening pace, but terminal rate would be slightly higher

Fed Governor Michelle Bowman said she expect ongoing increase in rates at coming meeting. But, it will be “appropriate” to slow the pace of tightening. That will allow policymakers to full assess the impact of their actions. Also, “we’re still seeing extremely high levels of core and CPI inflation,” she said. “Until I see our […]

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