A Federal Reserve official said the central bank should be prepared to continue lifting interest rates because inflation remains too high and the labor market is too tight, hinting at disagreements within the central bank’s rate-setting committee. Fed governor Michelle Bowman, in remarks prepared for delivery Friday at a banking conference in Germany, said she wasn’t confident the central bank was making enough progress slowing down economic activity and inflation even though she allowed that interest rates were now at a restrictive setting.
Source: WSJ.com: US Business
