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via americanbanker.comEconomy

Fed's Bowman says there is still work to do on inflation

FROM THE WIRE · AMERICANBANKER.COM

Federal Reserve Board member and top regulator Michelle Bowman said inflation has been 'more persistent' than she expected but argued for gathering more data on financial conditions.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA Fed governor says inflation is more persistent than expected, relevant for rate expectations.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Michelle Bowman says inflation has been more persistent than she expected.
  2. 02Bowman argues for gathering more data on financial conditions.
  3. 03Bowman is a Federal Reserve Board member.

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