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The Economic Times
The Economic Times
Business

US Fed’s Bowman sees no urgency for another rate hike

Michelle Bowman Boston Fed Interest Rates International Monetary Fund US Federal Reserve Monetary Policy Bangkok

The US Federal Reserve has room to assess the impact of its September rate increase on markets and the economy before considering another move, Vice Chair for Supervision Michelle Bowman said on Wednesday, Reuters reported.

“I don’t feel any urgency for taking further action at this point. We really need to take some time and understand how things will evolve,” Bowman said during the IMF-World Bank meetings in Bangkok.

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