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Fed’s Bowman: inflation will decline with policy rate held steady

Her prepared remarks Wednesday to the ISDA board of directors omitted any reference to how long rates may need to stay where they are, a slight departure from Tuesday when she said rates would need to stay in their current range “for some time.”

Otherwise, the remarks were largely identical as she laid out a cautious approach and a willingness to raise borrowing costs further if inflation progress stalls.


Source: Economy - investing.com

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