Fed's Barr: Disappointing Inflation Data Delays Rate Cuts Fed Vice Chair Michael Barr expressed disappointment with the inflation data for early 2024, indicating that the central bank lacks sufficient evidence to ease monetary policy. He emphasized the need for more time under current restrictive policies to achieve the Fed’s 2% inflation target. The Personal Consumption Expenditures price index, the Fed’s preferred inflation measure, was 2.7% in March, with little change in recent months. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Global Recession Unlikely, Says IMF's Top Economist READ MORE Powell's Testimony Suggests Softening of Controversial Bank Capital Proposal READ MORE A Break from Tradition: How the Fed's Recent Policies Have Cost US Households READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Gold: "It's Off To The Races From Here" READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment