Fed governor Bowman says she sees potential for lower inflation without further rate hikes

Michelle Bowman spoke Monday at the 2024 Community Bankers Conference and was less hardline than before.

While it sees the possibility of lower inflation without further interest, it is still willing to raise interest rates if inflation progresses.

Bowman has been tougher than that and referring to her last speeches late last November, she said she expects interest rates will need to be raised again.