Trump Appointee FED Governor Bowman says additional rate hike could be needed if inflation stays high

- Federal Reserve Governor Michelle Bowman suggests that an additional rate hike may be needed to control inflation, contrary to market expectations of rate cuts. - Bowman favors a more aggressive approach towards containing inflation and may consider increasing the policy rate further if progress on inflation stalls. - While Bowman's most likely outcome is eventually lowering rates, she sees a number of upside risks to inflation that need to be considered. - Fed officials are closely monitoring inflation data, with the next report due from the Labor Department on Wednesday. - Markets are uncertain about the near-term future of Fed policy, as some officials express caution about cutting rates. - Futures traders are pricing in three cuts this year, with a close call between June and July for when they start.