Barr Sees More Rate Hikes Needed to Tame Inflation

Federal Reserve Governor Michael Barr says further interest rate hikes are likely needed to return inflation to the central bank's 2% target. This comes after a string of warnings from fellow policymakers that inflation remains too high, fueling expectations for additional rate hikes over coming months.

Barr made his comments on September 23, 2026, when asked about the need for further policy adjustments to combat rising prices. He stated that further action is likely required to bring inflation back in line with the Fed's target 'in a timely fashion.'