Fed Governor Barr says he'll support rate hike if inflation doesn't ease
The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.
The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.
BELLINGS Intelligence Score: 70
Why it matters
Fed Governor Barr's statement signals a potential rate hike if inflation remains elevated, directly influencing market expectations for monetary policy and credit conditions, which is highly relevant for credit-market professionals.
Sources
CNBC
Fed Governor Barr says he'll support rate hike if inflation doesn't ease
The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.