Key facts
- Federal Reserve Governor Michelle Bowman indicated that interest rate hikes are increasingly likely.
- High energy prices were cited as a reason for the potential tightening of monetary policy.
Federal Reserve Governor Michelle Bowman signaled that interest rate hikes are becoming more probable, citing high energy prices as a contributing factor to inflation. Her remarks suggest that the central bank may be leaning towards tightening monetary policy in response to persistent inflationary pressures, even as policymakers continue to debate the exact nature and extent of inflation risks.