Feds Barr: Inflation is far too high

Fed’s Barr spoke earlier about banking regulation and is now making comments about the economy:

  • Inflation is far too high
  • We are quite attentive to bringing inflation down to target.
  • We have made a lot of progress on inflation.
  • Recent moves on rates are part of the process to move in a careful way.
  • We are close but still have a bit of work to do

Comments are consistent with the Feds consensus view.

This article was written by Greg Michalowski at www.forexlive.com. Source