PANews June 25 news, according to Jinshi, Fed Governor Bowman said that inflation is expected to remain high for some time. It is not the right time to cut interest rates yet, and the basic outlook is that inflation will return to 2% as the policy rate remains unchanged for "some time". If the progress of inflation decline stagnates or reverses, it is willing to support rate hikes at future meetings. Central banks in other countries may relax policies earlier or faster than the Fed. The United States has made only "modest further progress" on inflation this year.
