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Fed’s Barr Calls for Caution Toward Additional Rate Cuts

Fed’s Barr Calls for Caution Toward Additional Rate Cuts

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Federal Reserve Governor Michael Barr called for a cautious approach toward further interest-rate cuts, emphasizing the possibility that tariffs will create persistent inflation.
“Common sense would indicate that when there is a lot of uncertainty, one should move cautiously,” Barr said Thursday in remarks prepared for an event with the Economic Club of Minnesota.