Barr favors moving cautiously on rate cuts, reinforcing Fed divide on inflation risks

From finance.yahoo.com

Federal Reserve governor Michael Barr said Thursday that he favors a cautious approach to interest rates given uncertainties about whether tariffs would push inflation higher, breaking with some colleagues who are pushing aggressively for more easing. He even expressed skepticism about whether the Fed should fully “look through” higher inflation from import tariffs, as some of his fellow policymakers have argued while making their own case for lower rates. “There has been nothing 'one-time' or predictable about these tariff increases, which have ratcheted upward this year on particular countries and particular ... (full story)