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Risks To Achieving Inflation Target Have Increased, Labour Market Risks Have Receded - Sees Need To Recalibrate Policy; Base Case Is That Further Adjustments Likely To Be Needed - Labour Market Solid, Supported By Business Investment And Consumer Spending - Inflation Is A Key Concern; Fed Has Been 'Knocked Off Course'
Fed's Barr Says Inflation Is A Key Concern; Fed Has Been 'knocked Off Course' To 2% Goal; Barr Does Not See A Clear Trend Toward A Timely Return To 2% Inflation; Says Makes Sense To Pencil In AI Productivity Boost In Medium Term, But Difficult To Project How Or When; He Is Optimistic AI Will Boost Productivity In The L
Fed's Barr: Inflation is a key concern. Fed has been knocked off course to 2% goal.