Reported 8 months ago
Federal Reserve Governor Michelle Bowman warned of potential upward risks to inflation and emphasized the need to maintain current borrowing costs. She highlighted factors such as labor market tightness, wage growth, geopolitical developments, fiscal stimulus, and open immigration policy as elements that could impact inflation. Bowman expressed a cautious approach towards future rate adjustments and discussed the delayed response to inflation surge in 2021, along with criticisms of US regulators' bank capital proposal.
Source: YAHOO