(Reuters) – Inflation oughtto continue to decrease even as the U.S. main bank holds its standard interest rate consistent at present levels, Federal Reserve Governor Michelle Bowman stated on Friday while likewise restating her desire to raise the policy rate if development peters out or reverses.
“My standard outlook continues to be that inflation will decrease more with the policy rate held constant, however I still see a number of advantage inflation threats that impact my outlook,” Bowman stated in ready remarks for a speech to a banking conference in Key Biscayne, Florida.
“While the existing position of financial policy appears to be at a limiting level, I stay prepared to raise the federal funds rate at a future conference must the inbound information suggest that development on inflation hasactually stalled or rev