Fed Governor Barr: Continued rate hikes may be needed

PANews reported on September 30 that Federal Reserve Board Governor Barr said that it may be necessary to continue to raise interest rates; policies need to be recalibrated; the basic situation is that further policy adjustments may be needed; inflation is a key issue; the Fed has been "forced to deviate" from the 2% target, and the trend of inflation returning to 2% in time is not obvious, and the risk of achieving the inflation target has increased. He also said that compared with the 2% growth rate in the first half of the year, GDP growth is expected to "pick up slightly" in the second half of the year; the risk of achieving the inflation target has increased, and the risk of the labor market has decreased.