Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional quarter-point at the central bank's next meeting in March.
Bowman's comments came after several officials on Friday pushed back against the idea of a half-point increase in the Fed's benchmark short-term interest rate. The Fed is looking to raise rates as inflation surged to 7.5% in January compared with a year earlier, the biggest increase in four decades.
