Fed’s Bowman: I continue to expect we will need to raise Fed funds further

  • Fed funds rate currently appears restrictive, financial conditions have tightened since Sept
  • Some tightening is due to long end, which can be volatile
  • Don’t yet know effects of tightened financial conditions on economic activity
  • I remain willing to support raising policy rate at future meeting
  • Inflation remains high
  • Labor market supply and demand may be coming into better balance

The hawks are out today.

This article was written by Adam Button at www.forexlive.com. Source