Fed’s Barr Sees Work to Do on Inflation, Cautions on Job Market

Federal Reserve Governor Michael Barr said policymakers still have work to do to get inflation down to the central bank’s 2% target and must be attentive to ensuring the labor market is solid.

• “We made a lot of progress on that, but we still have some some work to do,” Barr said on lowering inflation
• “We have kind of a two-speed economy right now. Wealthier households are doing quite well, most of them, but low income households, many of them are struggling,” Barr said during a virtual event Thursday on community development. “People are worried about whether if they lost ...