Fed Governor Barr says he'll support rate hike if inflation doesn't ease

Live updates

1. 13d ago

   Fed Governor Barr signals potential rate hikes if inflation persists

   Federal Reserve Governor Michael Barr stated Tuesday that the central bank should act decisively to raise interest rates if inflation does not moderate sufficiently. This stance comes as other officials provide differing views on the current economic state; Fed official Collins described recent U.S. inflation readings as "mixed" and characterized current interest rates as "mildly restrictive." The signal of potential hikes has coincided with mortgage rates approaching 7%.

   Why it matters

   The Federal Reserve manages inflation by adjusting interest rates to control economic growth. These signals influence borrowing costs for consumers and businesses. Ongoing conflicts are reportedly complicating the central bank's decision-making process.

   What is confirmed

   • Federal Reserve Governor Michael Barr said the bank should act decisively to raise rates if inflation does not appear to be moderating sufficiently.
   • Fed official Collins described latest U.S. inflation readings as "mixed".
   • Fed official Collins stated that interest rates are still mildly restrictive.

   Still unconfirmed

   • Mortgage rates are approaching 7% as a result of a Fed official floating a rate hike.
   • A war that will not end is complicating the next move of the Federal Reserve.

   What to watch next

   • Upcoming U.S. inflation data reports
   • Official Federal Reserve interest rate decision meetings
   Sources used for this update (12)

   1. www.cnbc.com — U.S. Latest Business and Regional News - CNBC
   2. Bloomberg — Fed’s Collins Says Interest Rates Are Still Mildly Restrictive
   3. CNBC — Fed Governor Barr says he'll support rate hike if inflation doesn't ease
   4. Reuters — Fed's Barr open to rate hike if inflation does not moderate
   5. Newsquawk — PRIMER - Today’s Fedspeak includes: Barr
   6. RealEstateNews.com — Mortgage rates approach 7% as Fed official floats rate hike
   7. TradingView — FED GOV BARR: 'IF INFLATION APPEARS NOT TO BE MODERATING SUFFICIENTLY THEN I THINK WE SHOULD ACT DECISIVELY TO RAISE RATES'
   8. wsj.com — A War That Won’t End Is Complicating the Fed’s Next Move
   9. Bloomberg.com — Fed’s Barr Says Higher Rates Needed If Inflation Doesn’t Cool
   10. The Boston Globe — Fed’s Collins says latest US inflation readings are ‘mixed’
   11. Yahoo Finance — Fed's Barr: If inflation doesn't moderate, the central bank should raise rates
   12. finance.yahoo.com — Fed's Barr: If inflation doesn't moderate, the central bank should raise rates
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