Interest Rates Need to Stay Put a Bit Longer, Says Federal Reserve Governor Michelle Bowman
Arlington, Texas – Federal Reserve Governor Michelle Bowman expressed her stance on interest rates, emphasizing the need for them to remain stable for a longer period. Addressing a gathering in Arlington, Bowman stressed the importance of credibility in the fight against inflation by proceeding cautiously and persistently towards achieving the 2% inflation goal. Bowman suggested that the current interest rate levels should be maintained for an extended period. However, she highlighted the possibility of adjustments …