Fed’s Barr Warns of Potential Rate Hikes If Inflation Persists

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 becoming entrenched after being above target for more than five years. He spoke Tuesday at an event in W...

Fed Governor Barr says he'll support rate hike if inflation doesn't ease

The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target

Fed Governor Michael Barr warns of rate hike if inflation stays high

We should act to raise rates if inflation is not moderating sufficiently—Fed's Barr