Fed's Barr (voter) says seeing some elevated wage rates in the skilled trades; taking the longer view, need to be sure to do what it takes to bring supply and demand into balance

Resilience of US economy is striking. Does not have recession as base case. Momentum is building in the economy. See US not getting to 2% inflation target in a timely way unless adjust its policy. Economy is quite strong right now. People are frustrated and uncertain because inflation has been too high. Last hike was appropriate and think we will likely need further adjustments.