FED’S BARR WARNS RATE HIKE MAY BE NEEDED Fed Governor Michael Barr says inflation remains too high, despite solid economic growth and a stable labor market. Barr favors holding rates steady if inflation continues moderating. However, he warned that if inflation fails to cool soon, an interest-rate hike will be necessary. He added that AI investment is supporting economic growth, while persistent above-target inflation remains a key risk.(*Walter Bloomberg)