Federal Reserve Vice Chair for Supervision Michael Barr said momentum seems to be building in the economy, adding to his earlier remarks on resilience, AI productivity, and elevated wage rates. The comment supports a view of sustained growth but does not alter the Fed's cautious stance on inflation.
Michael Barr is Vice Chair for Supervision at the Federal Reserve.
Barr said momentum seems to be building in the economy.
Earlier today, Barr noted striking resilience, elevated skilled-trade wages, AI optimism, increased inflation risks, and need for policy recalibration.
Federal Reserve Vice Chair for Supervision Michael Barr stated that momentum seems to be building in the economy.
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