BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Fed’s Barr Urges Caution on Rate Cuts Amid Tariff-Driven Inflation Risks
Fed’s Barr Urges Caution on Rate Cuts Amid Tariff-Driven Inflation Risks
8
2
BTCCSquare news:
Federal Reserve Governor Michael Barr emphasized a measured approach to potential interest rate reductions, warning that tariffs could fuel persistent inflation. Speaking at an Economic Club of Minnesota event on October 9, Barr highlighted the need for policymakers to prioritize data clarity amid mounting economic uncertainties.
The Fed’s recent 25-basis-point cut—its first this year—has sparked speculation of two additional reductions in 2024. Barr’s remarks underscore growing concerns that Trump-era tariffs may disrupt disinflationary trends, complicating the central bank’s dual mandate of price stability and maximum employment.
By:
