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Fed’s Barr says future interest rate hikes ‘likely’ needed to tame inflation
Federal Reserve Governor Michael Barr said the central bank will 'likely' need to raise interest rates again to bring down persistent inflation, after the FOMC hiked rates last week for the first time in over three years. Barr called the quarter-point increase 'right' given inflation above the Fed's 2 percent target, while President Trump continued to call for rate cuts.










