[Fed's Barkin: Inflation Pressures Will Take Time to Subside] Jin10 News, September 23 – Federal Reserve official Barkin warned that the inflation shock may take some time to ease and that there is a risk of persistently high and entrenched inflation pressures. Barkin stated that the Fed's rate hike last week helps to slow inflation, but he did not explicitly indicate whether further tightening of policy is necessary. Instead, the Fed official emphasized that supply shocks are no longer merely sporadic or temporary phenomena but are exerting sustained pressure on prices across the entire economy. "These conditions may fade over time, but I expect it will still take some time," Barkin said. "In the meantime, the current high level of inflation could influence future inflation." Barkin pointed out, "What should we do next? We are committed to sustainably bringing the inflation rate down to the 2% target level. Last week's rate hike will help with this. Whether further rate hikes are needed, and how many? We'll wait and see." The Fed official also outlined two potential inflation scenarios: 1. Recent shocks gradually dissipate, and price pressures cool rapidly. 2. Inflation pressures persist. "I am open to the possibility that inflation could fall back quickly. Some of the recent shocks may reverse," Barkin said, adding that consumers may "reach their limits," investment growth may slow, and employment could "experience fluctuations." "On the other hand, inflation may prove harder to control than expected. Temporary shocks could persist," he said. "New cost pressures may emerge. Strong demand could translate into higher prices, and the effects of today's inflation could similarly carry forward."