Federal Reserve Governor Barr: Should be cautious about rate cuts and pay attention to inflation risks

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Barr stated on Thursday that the Federal Reserve should remain cautious about further rate cuts, clearly leaning towards inflation risks. He acknowledged the potential vulnerabilities in the "broadly balanced" labor market and emphasized that the Federal Open Market Committee should exercise caution when adjusting policies in order to gather more data, update forecasts, and better assess the risk balance. Although Barr supported the decision to cut rates by 25 basis points last month, he suggested that he does not see the need for a series of rate cuts.