Fed Barr Open to Rate Hike If Inflation Fails to Cool
Federal Reserve Governor Michael Barr stated that the central bank should raise interest rates if inflation does not moderate. He noted that the economy remains solid and the job market is stable as officials weigh policy choices.
Federal Reserve Governor Michael Barr signaled that the central bank should raise interest rates if inflation fails to moderate quickly. The remarks come as the United States central bank approaches its upcoming monetary policy meeting. Markets are currently pricing in a quarter-percentage-point rate hike from the 3.50%-3.75% range.
