Federal Reserve Governor: Further interest rate hikes may be needed to ensure a timely return to the 2% inflation target.

BlockBeats news, September 23 - Federal Reserve Governor Barr stated that further interest rate hikes may be necessary to ensure a timely return to the 2% inflation target. The Federal Reserve is in a disadvantageous position and has made adjustments in the right direction.

The Federal Reserve's dot plot also reinforced the hawkish message, with 16 out of 18 officials expecting at least one more rate hike by 2026, and 4 of them anticipating two hikes.