Source: International Business Times
Federal Reserve Governor Michelle Bowman made the remarks during a conference in Reykjavík, Iceland, as financial markets continue monitoring inflation pressures tied to rising global energy costs and escalating tensions involving Iran. Getty Images Federal Reserve Governor Michelle Bowman cautioned Friday against potentially raising interest rates in response to the recent spike in inflation, arguing that temporary increases in energy prices should not prompt policymakers to tighten monetary policy further. Bowman made the remarks during a conference in Reykjavík, Iceland, as financial markets continue monitoring inflation pressures tied to rising global energy costs and the war in Iran.
