Fed Governor Barr says rate hike if inflation doesn’t cool
Federal Reserve Governor Michael Barr said that if inflation does not cool quickly, it will be time for the central bank to increase interest rates.
By Michael S.
DerbyFederal Reserve Governor Michael Barr said on Tuesday that if inflation does not cool quickly, it will be time for the U.S. central bank to increase interest rates."Inflation remains too high — and has been for over five years," Barr said in the text of a speech prepared for deli…