A Hawk's Warning: Barr Flies the Flag for Rate Hikes Federal Reserve Governor Michael Barr has long been a stalwart defender of the central bank's inflation fighting credentials.
However, his recent comments at a Washington banking forum suggest he may be willing to take an even more hawkish stance on interest rates.
Barr warned that if inflation doesn't begin to moderate soon, decisive action will be necessary. This warning comes as inflation remains stubbornly above the 2% target – nearly five and a half years in the red zone.