Federal Reserve Governor Michelle Bowman said on Monday that she will assess incoming economic data over the next three weeks in deciding whether a half percentage point interest rate rise at the central bank’s next meeting in March is needed, a stance that underscores divisions among policymakers on how aggressively to begin its tightening cycle.
“I, as all of my colleagues will as well, will be watching the data closely to judge the appropriate size of an increase at the March meeting,” Bowman said in remarks to an American Bankers Association conference in Palm Desert, California. “I intend to support prompt and decisive action to lower inflation.”
