Barr sees further policy adjustment likely as inflation risks remain elevated

Review BLS payrolls, unemployment and CPI. Survey measures and private employment estimates use different definitions.

Federal Reserve Governor Lisa Cook said on September 28 that AI investment is creating both concentrated and broader price pressure, while productivity gains may provide only modest disinflation over the next few years. She also described a possible labor-market mismatch that interest-rate policy would be poorly equipped to resolve.

A September 28 correction to Governor Michael Barr’s September 23 housing speech states that about 20 percent of rental units rented for $1,000 or less in 2024, compared with 55 percent in 1980 after inflation adjustment.

The Federal Reserve’s September 24 statement supplements and supersedes its April 21 supervisory operating principles. It calls for earlier action on material risks, clearer descriptions of supervisory findings and reliance on satisfactory internal-audit validation when closing remediated issues, subject to stated exceptions. Examiners should escalate uncertain threats rather than let uncertainty become a reason for inaction. These are Federal Reserve supervisory instructions, not a new statute or a blanket relaxation of bank obligations.