Browsing: Economy

Economy Fed’s Barr: Rates may be held at restrictive level for some time

The Federal Reserve must “proceed carefully” as it considers making monetary policy more restrictive to rein in inflation, with the question not being whether further rate hikes are needed this year, but how long it will need to hold rates at a sufficiently restrictive level to achieve its goals, Fed Vice Chairman of Supervision Michael Barr said.

Economy Fed’s Bowman says further rate hikes likely

The Federal Open Market Committee will likely need to continue raising the federal funds rate to meet its goal of returning inflation to its 2% target, Federal Reserve Governor Michelle Bowman said.

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