Fed Governor Bowman Says She Expects More Rate Hikes

Federal Reserve Governor Michelle Bowman said on Tuesday that she expects the central bank will have to hike rates further to bring inflation down to its two percent target. “My baseline economic outlook continues to expect that we will need to increase

Michelle Bowman, governor of the U.S. Federal Reserve, speaks during a Fed Listens event on "Perspectives on Maximum Employment and Price Stability" at the Federal Reserve in Washington, D.C., U.S., on Friday, Oct. 4, 2019. Federal Reserve Chairman Jerome Powell said that the U.S. economy is in a good place though it …