Fed’s Barr Signals More Rate Hikes Needed To Hit Inflation Target

The post Fed’s Barr Signals More Rate Hikes Needed To Hit Inflation Target appeared first on Coinpedia Fintech News

Fed Governor Michael Barr said further rate hikes are likely needed to ensure a timely return to the Fed’s 2% inflation target, speaking at the Chicago Fed. He called last week’s quarter-point hike a necessary adjustment given strong growth and a solid labor market, but said inflation isn’t trending toward target quickly enough. Barr cited …