Economic TimesLean R·
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr said on Wednesday that the central bank took an important step last week to "recalibrate" short-term borrowing costs in its effort to bring down inflation, and signalled that further rate hikes are likely needed, Reuters reported."Risks to achieving our inflation target have increased, while risks to the labour market have receded," Barr said in prepared remarks for a Chicago Fed housing affordability conference.He noted that US economic growth remains stro…
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