Fed Governor Barr: May Need to Continue Raising Rates
Odaily News: Federal Reserve Governor Barr stated that further rate hikes may be needed; policy may need to be recalibrated; the baseline scenario is that further policy adjustments may be necessary; inflation is a key issue; the Fed has been "forced to deviate" from its 2% target, and the trend of inflation returning to 2% in a timely manner is not evident, with the risks of achieving the inflation target having increased. He also stated that compared to the 2% growth rate in the first half of the year, GDP growth in the second half is expected to "rebound slightly"; the risks of achieving the inflation target have increased, while the risks in the labor market have decreased.

