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Fed’s Barr Says Recent Data Reinforce View That Rates Are Near Peak
Federal Reserve Vice Chair for Supervision Michael Barr said policymakers are likely at or near the end of their campaign to raise interest rates as inflation continues to cool, echoing remarks he made last month. “We’re likely at or near the peak of where we need to be in terms of having a sufficiently restrictive stance of monetary policy that will sustainably bring inflation down to 2%,” Barr said Friday during a moderated discussion with Bloomberg’s Tracy Alloway and Joe Wiesenthal at an event in New York hosted by The Clearing House. “I think the recent economic readings reinforce my view that that is ... (full story)