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Michael Barr
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- 1Fed's Barr Says More Rate Hikes Likely Needed▼Fed’s Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve official Michael Barr said further interest rate increases are likely needed to bring inflation back to the central bank's target. The comments signal that policymakers remain cautious about declaring victory over price pressures, and markets and analysts are weighing what a longer tightening path would mean for borrowing costs and the economy.