Fed's Bowman: More Rate Hikes Likely Needed Despite Inflation Progress

Fed's Bowman says inflation remains too high despite progress lowering it, Fed will likely need to raise rates further
Bowman willing to support raising rates at future meeting if progress on inflation stalls or is too slow
Bowman says latest employment report reflects solid job growth
Bowman notes frequency and scope of data revisions complicates projecting how economy will evolve
Downward revisions to previous job growth reports contributed to Bowman's support for leaving rates steady last month