According to ChainCatcher news and Jin10 reports, Federal Reserve Board of Governors member Barr expressed concerns about the current inflation level still being at 3%. He pointed out the need for caution in formulating monetary policy to balance risks, while also needing to support the labor market, but inflation rates must return to 2%.
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Barr: Expresses concern about inflation still at 3%, needs to be cautious in formulating monetary policy.
According to ChainCatcher news and Jin10 reports, Federal Reserve Board of Governors member Barr expressed concerns about the current inflation level still being at 3%. He pointed out the need for caution in formulating monetary policy to balance risks, while also needing to support the labor market, but inflation rates must return to 2%.