(Reuters) – It’s too early to know if the Federal Reserve might want to begin its tightening cycle at its subsequent coverage assembly in March with a half proportion level price rise, Fed Governor Michelle Bowman mentioned on Monday, as she pointed to imminent information because the deciding issue.

“Between at times it is essential that we proceed to observe how the financial system develops and to know whether or not or not issues are bettering or getting worse as we’re approaching that call,” Bowman mentioned when requested at an American Bankers Affiliation convention in Palm Desert, California, if she supported a bigger preliminary price rise in mild of stubbornly excessive inflation. “At this level I feel it is too quickly to inform.”