Fed’s Michael Barr Suggests Holding Rates Amid Inflation Unc

Federal Reserve Vice Chair Michael Barr has indicated that the central bank is likely to maintain current interest rates as it awaits more definitive inflation data. This decision comes as the Fed seeks to balance economic growth with inflation control, amid ongoing uncertainty in the economic landscape. Barr’s comments suggest a cautious approach, emphasizing the need for clearer signals on inflation trends before making further rate adjustments.