New Delhi, Sept. 29 -- On 29 September, Federal Reserve Governor Michael Barr gave a warning. He said interest rates would likely rise more. This is needed to slow down inflation, he said.

Barr said the same thing last week, too. According to him, the economy is doing well right now. So, slowing inflation is now the bigger worry. Fed officials are focusing more on this problem.

"In my base case, further policy adjustments are likely to be needed to ensure inflation comes down to target in a timely fashion," Bloomberg quoted Barr as saying.

"We want to support sustainable, durable growth in support of maximum employment, and price stability is crucial to that," he added in remarks prepared for a Detroit event.

According to Barr, inflat...