Barr signals further rate hikes will likely be necessary
2 Yesterday 1:20 PM · 11h ago · 2 articles · 1 post · 3 sources · development 2 of 2
Federal Reserve Governor Michael Barr said in prepared remarks at a Federal Reserve Bank of Chicago housing affordability conference that further policy adjustments are likely needed to bring inflation to target, describing the prior week's quarter-point increase as an 'important action' and noting the committee had been 'out of position' on rates.
“In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion.”
Michael BarrMichael Barr Federal Reserve Governor
Susan Collins Boston Federal Reserve PresidentAlberto Musalem St. Louis Federal Reserve PresidentChris Williamson Chief Business Economist, S&P Global Market Intelligence
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Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch
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first by CNBC, 12h ago
All 2 developments of Fed's Barr signals more rate hikes needed; markets price… →
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