Fed's Bowman says she favors hiking rates if progress on inflation stalls

<ul><li>Says she favors hiking if inflation progress stalls</li></ul><p>This sounds hawkish at first but note that it's incrementally dovish because she previously said that rates should rise.</p><ul><li>Inflation remains high, recent progress is uneven</li><li>Baseline outlook is that the Fed will need to increase rates further to keep policy sufficiently restrictive</li><li>Fed should keep in mind risks with prematurely declaring victory on inflation</li></ul>

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