Federal Reserve Governor Michelle Bowman said she’s sticking with her call that interest rates will likely need to increase further to return inflation to the Fed’s 2% goal quickly. US inflation remains “too high” and Bowman said she expects it’ll be appropriate for the Federal Open Market Committee “to raise rates further and hold them at a restrictive level for some time to return inflation to our 2% goal in a timely way,” according to her prepared remarks to the Connecticut Bankers Association on Saturday. Bowman repeated her warning that “high energy prices could reverse some of the progress we have seen on ... (full story)