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Fed Official Calls for Additional Significant Rate Rises
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A Federal Reserve official said the central bank would need to raise interest rates aggressively this year in order to combat inflation.
Fed governor Michelle Bowman said she strongly supported the Fed’s 0.75-percentage-point rate increase last week and that she would favor raising the central bank’s benchmark rate by another 0.75 point, or 75 basis points, at the central bank’s next meeting, July 26-27.
Read more on wsj.comAbout this in other media
James Bullard Says Fed Must Ratify Market Rate-Rise View wsj.com /1 year ago
Interest rates rise: RBA lifts official cash rate by 50 basis points to 1.35% theguardian.com /1 year ago
ECB officials prepare for 'harmonization' of crypto regulations: Report cointelegraph.com /1 year ago
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