Barkin said that easing inflation shocks takes time and there is a risk of deep-rooted inflationary pressures. The Fed's interest rate hike last week helped to slow down inflation, but Barkin did not specify whether a rate hike was needed. Barkin pointed out that supply shocks have become a persistent price pressure affecting the economy, and the Federal Reserve is committed to reducing inflation to its target level of 2%. (Source: Golden Ten Data)
