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Fed Governor Barr Says More Rate Hikes May Be Needed to Curb Inflation

WASHINGTON: Federal Reserve Governor Michael Barr said Tuesday that additional interest-rate increases may be needed to bring inflation under control.

Federal government buildings in Washington DC
Washington, D.C. representative image via Wikimedia Commons.

Reuters reported that Barr argued inflation remains too high and that monetary policy may need to remain restrictive. His comments come as investors assess conflicting signals from the labor market and price data.

Federal Reserve officials are watching inflation, employment and financial conditions as they determine the appropriate path for interest rates.

Source: Reuters and Federal Reserve.

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Imran Siddiqui

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