Federal Reserve Governor Barr: May need to continue raising interest rates.

Federal Reserve Governor Barr said further rate hikes may be needed; policy may need to be recalibrated; the baseline case is that further policy adjustments may be needed. Compared with the 2% growth in the first half of the year, GDP growth in the second half is expected to "pick up slightly." Risks to achieving the inflation target have increased, while risks in the labor market have decreased.