neutral
Recently
Fed Governor Barr warns inflation risks persist despite easing cycle
Fed Governor Barr urged patience on future cuts, saying services inflation still poses upside risk to the 2 percent target.
Federal Reserve Vice Chair for Supervision Michael Barr said the central bank must be cautious about further rate reductions, arguing that price pressures remain sticky in services and housing. He added that premature loosening could undermine progress on anchoring expectations. Barr supported the September cut but called for patience before any additional moves until inflation heads ‘decisively toward 2 percent.’