On Monday (May 6th) local time, Richmond Fed Chairman Barkin stated that the current level of interest rates should be sufficient to cool the economy and bring inflation back to the target level of 2%, while the strong performance of the job market gives officials time to wait. The Federal Reserve continued to remain stagnant at last week's interest rate meeting, maintaining the target range of the federal funds rate at 5.25% to 5.50%, the highest interest rate level in 20 years. Since July last year, decision-makers have maintained interest rates unchanged for six consecutive times.