Inflation Alert! Fed Governor Michelle W Bowman: ‘once we achieve a sufficiently restrictive federal funds rate, it will need to remain at that level for some time’ ‘It is likely that as a part of this process, labor markets will soften somewhat before we bring inflation back to our 2 percent goal.’
by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/speech/bowman20230110a.htm Thank you, Bill, and I’d also like to thank Alex Sanchez and the Florida Bankers Association for the invitation to be with you today. It is a pleasure to be here in person to discuss issues that …