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Fed’s Bowman Says Persistent Inflation Leaves More Work Ahead
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Federal Reserve Governor Michelle Bowman said persistent inflation means the central bank still has more work to do. The remarks signal that policymakers are not yet ready to declare victory on price pressures. Her comments keep the focus on the Fed's rate path and how long borrowing costs may stay elevated. Markets will watch upcoming inflation data and Fed communications for confirmation of the policy trajectory.
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Federal Reserve, Michelle Bowman