Inflation

Fed’s Bowman says ‘there is still work to do’ on inflation

Published November 10, 2026 5:02 PM EST Updated November 10, 2026 9:39 PM EST 6 Min Read

Bloomberg NewsFederal Reserve Vice Chair for Supervision Michelle Bowman.

Key insight: The Federal Reserve vice chair for supervision stopped just short of endorsing a rate hike in December, but noted that price pressures are broadening beyond imports, energy and data center components.
Expert quote: “Today, I am seeing signs that inflation pressures are persisting, while labor market conditions appear to be firming. This indicates that there is still work to do to bring inflation closer to 2%.” — Fed Vice Chair for Supervision Michelle Bowman

Federal Reserve Vice Chair for Supervision Michelle Bowman said the central bank has more work to do to bring down inflation, but stopped short of explicitly endorsing a December rate hike.

Kyle Campbell

Staff writer

Kyle Campbell covers the Federal Reserve and housing policy for American Banker. Previously, he wrote about institutional investment in real estate for PERE. He has also held staff positions at Real … Read full bio

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