#YonhapInfomax #FederalReserve #MichaelBarr #InflationTarget #InterestRates #OilPrices #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=111891
US Federal Reserve Governor Michael Barr stressed that monetary policy must remain independent from short-term political pressures, reaffirming the Fed’s commitment to data-driven decisions and clear communication to the public.
Michael Barr, Federal Reserve Vice Chair for Supervision, stressed caution on further rate cuts, citing inflation risks and uncertainty, and warned that the October FOMC decision will be highly challenging as the Fed’s price stability goal faces significant threats.
Federal Reserve Vice Chair Michael Barr warned that tariffs are likely to put upward pressure on U.S. inflation, highlighting risks for low-income households and noting ongoing uncertainty around trade policy and its economic impact.
"The trouble is that the system requires someone like Lee Kuan Yew at the top — strict and charismatic, as Michael Barr, author of Singapore: A Modern History, told me. 'But no one who has that political skill would ever rise to the top today because that person would be regarded as a threat,' he said."
#FarahStockman, 2023
https://www.nytimes.com/2023/04/12/opinion/international-world/singapore-autocracy-democracy.html