While Wall Street may be holding fast to hopes the U.S. Federal Reserve has completed its series of interest rate hikes, senior Fed official Michelle Bowman isn’t so certain the raises are over.
The Federal Reserve Board of Governors member has instead stated her beliefs that additional interest rate hikes may be necessary to curb inflation, Bowman said during speeches on Saturday and Monday.
While the previous hikes have lowered inflation nationwide, U.S. inflation levels are still set above the 2% goal outlined by the Fed, added Bowman.
Meanwhile, some investors and financial analysts have anticipated the Fed will only raise the interest rate once more, if at all, in the near future.
