Fed's Barr Says Further Rate Hikes Likely Needed To Ensure Timely Return To 2% Inflation
Fed's Barr Says Further Rate Hikes Likely Needed To Ensure Timely Return To 2% Inflation
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Fed's Barr Says Further Rate Hikes Likely Needed To Ensure Timely Return To 2% Inflation
Risks To Achieving Inflation Target Have Increased, Seen Risks To Labour Market Recede - Going Into September Meeting, Fed Needed To Recalibrate MonPol To Reflect Risks; Fed Was Out Of Position, Made An Adjustment In Right Direction - Inflation Is Not Clearly Trending Toward Target In A Timely Way - Economic Growth Is
Fed's Barr: Further rate hikes are likely needed to ensure timely return to 2% inflation.
By Jessica CoacciFederal Reserve governor Michael Barr said further rate hikes are likely needed to ensure inflation comes down to target in a timely fashion.Barr expressed that he supported the Fed's decision to raise interest rates by a quarter-percentage point last week, speaking at an event in…
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI