Fed official issues stark warning on inflation, rate-cut outlook

Federal Reserve Governor Michael Barr said that although he was "hopeful" inflationfalls this year, that ​might not happen with higher oil prices spiking gasoline and other consumer costs. Barr's take mirrors increasing concerns from Main Street to Wall Street about the Fed’s interest-rate outlook due to recessionary and inflationary uncertainty. “While I am hopeful that inflation will fall as the effects of tariffs on prices wane later this year, I would like to see evidence that goods and services pric ...