Fed Governor Barr: If inflation does not cool, interest rates should be raised decisively.

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Mars Finance News, September 1, Federal Reserve Governor Michael Barr said that if inflation fails to fall, the Fed should be prepared to raise interest rates. He warned that inflation has remained above target for more than five years, posing a risk that price pressures have become entrenched. Barr said that if upcoming data show inflation is cooling, policymakers can remain patient. In a speech prepared for an event in Washington on Tuesday, Barr said: “If the data trend gives me confidence that inflation is moderating and moving toward the 2% target, then I believe we can take a little more time to assess the policy stance. But if inflation does not appear to be cooling by a sufficient amount, then I believe we should act decisively and raise interest rates.” (Jin10)
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Chan_Apprentice
· 2 hours ago
Barr's remarks sound like a preemptive warning to the market, but will he actually follow through, or is it just empty talk?
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BlockMiner
· 3 hours ago
Rate hike expectations rise again; risk markets tremble.
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BollingerSailor
· 3 hours ago
Five years above target, and inflation is indeed stubborn. But crypto stopped caring about the Fed long ago; what's going to fall has fallen—keep building.
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CoffeeAndCash
· 4 hours ago
Data-dependent policy is Schrödinger’s cat—no one can figure it out before it is announced.
Position management is more important than prediction.
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