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Fed Governor Warns Against Rate Hike

Updated 2026-05-29 13:35 UTC 1 source Neutral

Federal Reserve Governor Michelle Bowman warned against raising interest rates in response to the inflation spike, citing its primary drivers as energy prices and tariffs.

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Fed Governor Michelle Bowman warns against hiking interest rates because of inflation spike

Bowman said reacting to the inflation surge, driven primarily by energy prices and tariffs, has proven ineffective.

2026-05-29 13:15 UTC