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Bonds News

Fed's Bowman says we may see inflation lasting longer than expected

NEW YORK, Oct 19 (Reuters) - Supply chain disruptions are leading to higher prices and it will be important to watch how long that inflation lasts and how it affects long-term expectations, Federal Reserve Governor Michelle Bowman said on Tuesday.

“I have to think about this in the context of what the impacts are on longer-term inflation expectations,” Bowman said during a virtual conversation with Richmond Fed President Thomas Barkin. “We’re looking at a situation where we may see inflation lasting a bit longer than we may have expected just even a few months ago.” (Reporting by Jonnelle Marte Editing by Chris Reese)

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