Fed's Barr Reiterates Need for Interest-Rate Hikes Amid Inflation Concerns

Federal Reserve Governor Michael Barr repeated his warning that further interest-rate increases will likely be needed to slow inflation in a timely fashion. Speaking at an event in Detroit on September 29th, 2026, Barr emphasized the importance of price stability for achieving sustainable and durable economic growth.

Barr's comments come as the US economy continues to grapple with high inflation rates. He stated that the Fed wants to support maximum employment while maintaining price stability, which is crucial for long-term economic health.