CNBC September 01, 2026 β€’ 13:05

Fed Governor Barr says he'll support rate hike if inflation doesn't ease - CNBC

By Jeff Cox

Fed Governor Barr says he'll support rate hike if inflation doesn't ease - CNBC

The policymaker said he's concerned about "broader price pressures taking hold" as inflation has prevailed above the Fed's 2% target.

Federal Reserve Governor Michael Barr said Tuesday he would be prepared to support an interest rate hike if inflation doesn't ease.
Speaking at a banking forum in Washington, the policymaker said he… [+1712 chars]

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