Inflation Debate: Will the Fed Raise Rates? Sign up for the Editor’s Digest for free now!
London, UK – A top Federal Reserve official has expressed support for further interest rate hikes in the US economy if inflation continues to persist at its current level. Michelle Bowman, a governor at the Fed and a key member of its rate-setting Federal Open Market Committee, emphasized the impact of factors like immigration and robust fiscal stimulus in driving up prices more rapidly in the US compared to other wealthy nations. Bowman’s stance, articulated …