[Federal Reserve Governor Barr: Interest rates may need to remain stable for some time] Jin10 Data, March 25 – Federal Reserve Governor Barr stated that in response to inflation significantly above the Fed's 2% target, policymakers may need to keep interest rates stable for a period of time. 'Although I hope inflation will decline later this year as the impact of tariffs on prices diminishes, before considering further rate cuts, I want to see evidence of sustained declines in goods and services price inflation, provided that labor market conditions remain stable.' Barr expressed his support for the Fed's decision last week to keep the benchmark policy rate unchanged. He noted that the situation in the Middle East poses 'additional risks.' Rising oil prices tend to quickly transmit to gasoline prices, which could be particularly detrimental to low- and middle-income households.