Fed's Barr Says He Expects GDP Growth To 'Pick Up A Bit' In Second Half Of Year, From 2% Pace In First Half; Risks To Achieving Inflation Target Have Increased, Risks To Labor Market Have Receded; There Is A Need To Recalibrate Policy; Base Case Is That Further Policy Adjustments Likely To Be Needed; Labor Market Solid, Supported By Business Investment And Consumer Spending
https://www.federalreserve.gov/newsevents/speech/barr20260929a.htm
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Why It Matters
A Fed leader thinks the economy will grow a bit faster in the second half of the year. He also says the Fed might need to make more changes to interest rates soon.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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