Federal Reserve Governor Barr said inflation remains too high and that the central bank may need to raise interest rates if price growth does not slow quickly. In remarks reported by Jinshi via Odaily, Barr said he would prefer to hold interest rates steady if he gains confidence that inflation is slowing. However, he warned, if inflation fails to decelerate soon, it will be time to increase rates. Barr also said that inflation persisting above target poses risks, and that if data trends convince him that inflation is moving back toward the 2% objective, assessing the appropriate policy stance may take time. His comments underline how data-dependent the policy outlook is. The path of rates will depend on whether inflation data begins to show sustained progress toward the Fed's target, Barr's remarks make clear.
Federal Reserve Governor Barr said inflation remains too high, and that he would lean toward holding interest rates steady if he gains confidence that inflation is slowing. He warned that if inflation does not slow quickly, then it will be time to raise rates.
Barr said inflation persistently above target carries risks. He added that if data trends convince him that inflation is moving toward the 2% target, assessing the policy stance may take time. The remarks were reported by Jinshi via Odaily.
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