US Economy Still Needs ‘Multiple’ Rate Hikes, Says Top Fed Official

A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest rates. “We have made progress in lowering inflation over the past year, but inflation is still significantly above” the Fed’s 2% target, Fed Governor Michelle Bowman.

Read more at CNN.

This entry was posted in glassBYTEs Headlines and tagged . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *