Fed's Barr: Progress has beenmade on inflation, but there is still work to do

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Fed Gov. Barr is also speaking and says:Progress has been made on inflation, but there is still work to do.Two-speed economy with wealthier households thriving Fed has to pay attention to ensuring the job market is solidBarr is best characterised as a mild dove on interest-rate policy: he is willing to wait and monitor data rather than push for immediate cuts.He is struggling with concerns that inflation is not where it should be, but also weary of the employment market getting weaker.Barr is a primitive voting member on the FOMC board as a governor. He voted to cut rates at the last meeting. This article was written by Greg Michalowski at investinglive.com.