Feds Barr: Inflation is far too high

<p>Fed's Barr spoke earlier about banking regulation and is now making comments about the economy:</p><ul><li>Inflation is far too high</li><li>We are quite attentive to bringing inflation down to target.</li><li>We have made a lot of progress on inflation.</li><li>Recent moves on rates are part of the process to move in a careful way.</li><li>We are close but still have a bit of work to do</li></ul><p>Comments are consistent with the Feds consensus view.</p>

This article was written by Greg Michalowski at www.forexlive.com.