Federal Reserve Gov. Michael Barr on Monday said the biggest challenge for the central bank is to decide how long to keep interest rates high to make sure...
Federal Reserve Gov. Michael Barr on Monday said the biggest challenge for the central bank is to decide how long to keep interest rates high to make sure inflation is tamed.
The Fed two weeks ago left its benchmark short-term interest rate unchanged at a range of 5.25% to 5.5%. But it also left open the door for another rate hike before year-end if inflation doesn’t slow further toward the Fed’s 2% target.
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