Fed’s Barr Sees Need for Higher Rates If Inflation Doesn’t Cool
Federal Reserve Governor Michael Barr said the central bank can afford to be patient if upcoming data provide some signal that inflation is cooling but should be prepared to raise interest rates if inflation fails to subside. “If inflation appears not to be moderating sufficiently, then I think we should act decisively to raise rates,” Barr said, warning that price pressures are at risk of…
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
