Federal Reserve Governor Michael Barr stated on September 23, 2026, that the central bank will "likely" implement further interest rate increases to address ongoing inflation concerns. This statement follows the Federal Reserve's recent decision to raise interest rates for the first time in over three years. Barr, who is a member of the Federal Open Market Committee (FOMC), noted that the decision to increase the benchmark interest rate was unanimous among committee members.
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Fed's Barr indicates potential for future interest rate hikes to address inflation
Federal Reserve Governor Michael Barr indicated that additional interest rate hikes are likely necessary to combat persistent inflation. This follows a recent increase in interest rates, marking the first adjustment in over three years.
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Fed’s Barr says future interest rate hikes ‘likely’ needed to tame inflation
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Fed's Barr indicates potential for future interest rate hikes to address inflation