The Federal Reserve’s voting committee remains hawkish Will interest rates be raised more than once in the future?

Last Friday, Boston Fed President Collins said that in order to achieve the 2% inflation target, the Federal Reserve may further raise interest rates in the future, and borrowing costs may also need to remain at a higher level for longer.

"I anticipate that interest rates may have to remain higher for a longer period of time than previously forecast," Collins said in a speech at the Maine Bankers Association's annual meeting.

Additionally, the option of further tightening is certainly not off the table. " Fed Governor Bowman was more direct in his remarks at a separate event. She favors continuing to raise interest rates, and possibly more than once, because she believes the Fed is not making enough progress in bringing inflation down to its 2% target.