Fed Governor Barr: Further rate hikes may be needed

PANews reported on September 30 that Federal Reserve Governor Barr said further rate hikes may be needed; policy needs to be recalibrated; the base case is that further policy adjustments may be needed; inflation is a key issue; the Fed has been "forced off" its 2% target, the trend of inflation returning to 2% in a timely manner is not evident, and risks to achieving the inflation target have increased. He also said that compared with the 2% growth rate in the first half of the year, GDP growth in the second half is expected to "pick up slightly"; risks to achieving the inflation target have increased, while risks to the labor market have decreased.