Federal Reserve Governor Bowman: We need to continue raising interest rates until we see more progress

ChainCatcher news, Federal Reserve Governor Bowman stated during a speech that "the current inflation rate is still too high, and we see a lot of inconsistent data in the economic conditions. The unusually low unemployment rate is a good sign. There is still a long way to go to bring inflation back to our target, and we need to continue raising interest rates until we see more progress." (source link)