Nick Timiraos(@NickTimiraos):Fed governor Michael Barr: the AI boom and tariff- and energy-related price pressures have contributed “upward price pressures.” Given rising inflation risks and receding labor market risks, “we were out of position, and we made an adjustment in the right direction.” “In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion.”

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

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Nick Timiraos@NickTimiraos

2026.09.23 14:06

Fed governor Michael Barr: the AI boom and tariff- and energy-related price pressures have contributed “upward price pressures.” Given rising inflation risks and receding labor market risks, “we were out of position, and we made an adjustment in the right direction.” “In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion.”