Browsing: FOMC

Economy Fed’s Bowman says further rate hikes likely

The Federal Open Market Committee will likely need to continue raising the federal funds rate to meet its goal of returning inflation to its 2% target, Federal Reserve Governor Michelle Bowman said.

Economy Fed’s Harker suggests holding rates at current level

The economy may have reached the point where the Federal Open Markets Committee can hold off further increases in the federal funds rate and let the monetary policy actions it has already taken run their course, said Patrick Harker, president of the Federal Reserve Bank of Philadelphia.

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