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        Fed governors diverge on rates: high enough, or just getting started?
        Tuesday, Federal Reserve officials sounded off diverging opinions on the trajectory of interest rates, curbing the excitement that has fuele Show More
        Tuesday, Federal Reserve officials sounded off diverging opinions on the trajectory of interest rates, curbing the excitement that has fueled the recent rally in the US stock market.

        Federal Reserve Governor Michelle Bowman said rates may need to rise further should progress on inflation stall. Its possible borrowing costs will stay above their pre-pandemic level to give policymakers room to cut should a shock hit the economy, she said.

        Governor Christopher Waller, on the other hand, said rates and monetary policy are in the right place already to send inflation lower.
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