Fed's Barr Says 2% Inflation Goal Hard to Reach on Time Without Policy Adjustment
JH Kim
Summary
- Federal Reserve Governor Michael Barr said it would be difficult to bring inflation down to the 2% target in a timely manner unless monetary policy is adjusted.
- Barr said he believes the US would struggle to reach its 2% inflation target in a timely manner if policy remains unchanged.
- Barr's remarks suggest a change in the current policy stance may be needed, though he did not specify the direction or timing of any policy adjustment.
Forecast Trend Report by Period
Federal Reserve Governor Michael Barr said it would be difficult to bring inflation down to the central bank's 2% target in a timely manner without an adjustment in monetary policy.
Walter Bloomberg reported on September 29 that Barr said he believes the US would struggle to reach its 2% inflation goal on time if policy remains unchanged.
The remarks suggest Barr sees a need to shift the current policy stance.
He did not specify the direction of any policy adjustment or when it might come.
JH Kim
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