Fed's Bowman: Interest rates may need to rise further

Speaking at the International Monetary Fund (IMF) meetings in Morocco on Wednesday, US Federal Reserve (Fed) Governor, Michelle Bowman, justifies her view for further policy tightening.

Key quotes

Inflation remains well above the FOMC's 2% target.

Job market remains tight.

This suggests policy rate may need to rise further.

And stay restrictive for some time to return inflation back to the target goal.