The Fed's Rate Hike Dilemma: A Test of Patience and Action Federal Reserve Governor Michael Barr has issued a stark warning about the risks of inaction on inflation.
With prices remaining stubbornly high, the central bank is facing a critical juncture. Barr's comments come as the Fed prepares to meet again on September 15 16.
If price growth doesn't begin to moderate quickly, the Fed will be forced to take decisive action and raise interest rates.