FOMC members express different views for policy path forward

Bowman and Kashkari expect further rate hikes but Daly is less certain

US Federal Reserve
Photo: US Federal Reserve

US policy-makers Michelle Bowman and Neel Kashkari said they expect at least one more rate rise this year. But their colleague Mary Daly said she was less certain about how the Federal Open Market Committee (FOMC) should proceed.

Bowman and Kashkari are voting members of the FOMC in 2023, while Daly is an alternate member.

“I expect it will likely be appropriate for the committee to raise rates further and hold them at a restrictive level for some time,” said Bowman, a member of the Federal

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