Federal Reserve Governor Barr stated that the process of inflation easing has been disrupted, and the Fed may need to adjust monetary policy to ensure that inflation returns to its 2% target. Barr stated at the Detroit Economic Club that there is currently no clear trend of inflation returning to the 2% target in a timely manner. Inflation is still too high, related risks are rising, the labor market is stable and risks are decreasing. The Federal Reserve needs to recalibrate its policies to balance employment and inflation risks. In the baseline scenario, policy adjustments may be necessary in the future to ensure that inflation falls to the target level. The Middle East conflict has pushed up global oil prices, and the investment boom in artificial intelligence has increased demand for some high-tech commodities and pushed up price pressure.
