Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation remains above the target of 2%. The central bank recently raised the policy rate to a range of 3.75%-4.00%. Barr's perspective contrasts with the Fed Chairman, who has not provided guidance on future rates.
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Coverage blindspot: Reporting on this development is currently concentrated in other segments of the media landscape.
Coverage blindspot: Reporting on this development is currently concentrated in other segments of the media landscape.
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