US Fed’s Bowman sees no urgency for another rate hike
Michelle Bowman, the Vice Chair for Supervision of the US Federal Reserve, spoke during the IMF-World Bank meetings in Bangkok. She stated that the central bank does not feel urgency for further rate hikes at this time. Bowman's comments came after a recent rate increase that set the target range to 3.75%-4.00%. Additionally, she addressed the...
Key Takeaways
- Michelle Bowman, the Vice Chair for Supervision of the US Federal Reserve, spoke during the IMF-World Bank meetings in Bangkok.
- She stated that the central bank does not feel urgency for further rate hikes at this time.
- Bowman's comments came after a recent rate increase that set the target range to 3.75%-4.00%.
Michelle Bowman, the Vice Chair for Supervision of the US Federal Reserve, spoke during the IMF-World Bank meetings in Bangkok. She stated that the central bank does not feel urgency for further rate hikes at this time. Bowman's comments came after a recent rate increase that set the target range to 3.75%-4.00%. Additionally, she addressed the need for stronger oversight in light of recent bank failures.
Original Publisher Attribution
This summary was curated from Economic Times.