michaelbarr

Michael Barr, a member of the U.S. Federal Reserve Board, made notable statements about the outlook for inflation, interest-rate policy, and the potential impact of artificial intelligence on the U.S. economy.
Inflation and interest-rate policy:
- Barr said it is still not clear whether inflation will return to the Federal target of 2% in a timely manner, and that the risk of not achieving this goal has increased.