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Fed’s Bowman says 75bp increases should be on the table until seen inflation declining

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U.S. Federal Reserve Governor Michelle Bowman spoke on Saturday with a Kansas Bankers Association event in Colorado. Key takeaway comment:’I supported the FOMC’s decision the other day to improve the federal funds rate another 75 basis points. My view is the fact that similarly-sized increases ought to be up for grabs until we see inflation declining in a frequent, meaningful, and lasting way.’Bowman says she actually is seeing few, if any, signs of peak inflation which she supports further rate hikes until a significant decline sometimes appears. Until then 75bp hikes are possible. More:supply issues will continue steadily to drive inflationthere are significant inflation risks for food, fuel,

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