*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following 1.9M Followers
FED’S BARR WARNS RATE HIKE MAY BE NEEDED
Fed Governor Michael Barr says inflation remains too high, despite solid economic growth and a stable labor market.
Barr favors holding rates steady if inflation continues moderating.
However, he warned that if inflation fails to cool soon, an interest-rate hike will be necessary.
He added that AI investment is supporting economic growth, while persistent above-target inflation remains a key risk.
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