Fed Governor Michelle Bowman said she would still consider raising interest rates if inflation does not continue improving and moving toward the Fed's 2% target. Bowman noted there are "upside risks" that could cause inflation to accelerate more than expected. She said she remains willing to raise rates at a future meeting if progress on lowering inflation stalls or reverses. Recent inflation data has shown moderating prices but the Fed wants more evidence of a sustained decline before lowering rates.
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00:00It's Benzinga, and here's what's on the block.
00:03Fed Governor Michelle Bowman said she would still consider raising interest rates if inflation
00:07does not continue improving and moving toward the Fed's 2% target.
00:11Bowman noted there are upside risks that could cause inflation to accelerate more than expected.
00:16She said she remains willing to raise rates at a future meeting if progress on lowering
00:20inflation stalls or reverses.
00:23Recent inflation data has shown moderating prices, but the Fed wants more evidence of
00:27a sustained decline before lowering rates.
00:29For all things money, visit Benzinga.com.