More from Bowman: Too early to say if 50 bps hike needed at March meeting

Michelle Bowman

  • It’s ‘more than time’ for the Fed to begin normalizing
  • Expects a series of rate hikes with timing depending on data
  • Says she will be closely watching the data in the coming weeks

This is an interesting shift in the Fed and it’s surprising. After Bullard, there appeared to be a concerted effort to talk down the risks of 50 bps but now we have a Fed governor putting it squarely on the table.

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