Federal Reserve Vice President for Supervision Michael Barr The US central bank said it “is likely to be at or very close” to a level of interest rates that is sufficiently restrictive, echoing the president. Jerome PowellA message that officials can proceed with caution on whether to raise interest rates again.
Barr, who was speaking Monday in New York at a Forecasters Club event, argued that the bigger question is how long interest rates will remain high, adding that the full effects of previous increases on the economy “have yet to come in the coming months.”