Federal Reserve Governor Barr: Interest rate cuts should be approached with caution, focusing on inflation risks

ChainCatcher news, according to Jinshi reports, Federal Reserve Governor Barr stated on Thursday that the Federal Reserve should remain cautious about further rate cuts, clearly leaning towards inflation risks. He acknowledged the potential vulnerabilities in the "broadly balanced" labor market and emphasized that the Federal Open Market Committee should exercise caution when adjusting policies to gather more data, update forecasts, and better assess the balance of risks. Although Barr supported last month's decision to cut rates by 25 basis points, he hinted that he does not believe a series of rate cuts is necessary.