Fed's Bowman: It will 'likely be appropriate' to hike further

<ul><li>It will likely be appropriate to raise rates further and hold them at restrictive level for some time</li><li>Inflation remains too high</li><li>Sees risk that high energy prices could reverse some of the recent progress on lowering inflation</li><li>Frequency and scope of recent data revisions complicates task of projecting how economy will evolve</li><li>Expects progress to be slow on inflation given the current level of monetary policy restraint</li><li>Remains willing to support rate increase at a future meeting if data indicates progress on inflation has stalled or is too slow to return it to 2% in a timely way</li><li>Regulators seem to be engaging in 'heavy-handed' supervision of banks</li></ul><p>Heavy-handed supervision? Does she remember what happened in March?</p><p>As for her comments on monetary policy, I they're nothing new. She's been hawkish for awhile and the rest of the FOMC appears to be headed in her direction.</p>

This article was written by Adam Button at www.forexlive.com.