Interest rate hikes if necessary, inflation will not improve this year = FRB Director Bowman

On the 17th, Director Bowman of the US Federal Reserve (FRB) once again expressed his opinion that the inflation rate will decline further while leaving policy interest rates unchanged, and clearly stated that there will be no improvement in the inflation rate this year, and if progress on the inflation side stagnates or reverses, interest rate hikes will not stop.
In the preparation manuscript for the lecture at the Pennsylvania Bankers Association, it was pointed out that “considerable progress was seen in slowing inflation last year, but no further progress has been seen this year.” “The current monetary policy stance seems to be at a restrictive level, but if data shows that progress in inflation has stagnated or reversed, there are preparations to raise the target range of federal fund (FF) interest rates at future meetings,” he said.