Fed Governor Barr urges decisive rate hikes if inflation not cooling
Fed Governor Michael Barr said the central bank should act decisively to raise interest rates if inflation does not appear to be moderating enough, based on incoming data trends.
By Jessica CoacciFed Governor Michael Barr said the central bank should act decisively to raise interest rates if inflation appears not to be moderating sufficiently.Barr said at a Washington, D.C. event that if data trends give him confidence that inflation is moderating on a path to the Fed's 2…