Golden Finance Report, in a recent public speech, Fed official Barkin revealed that he is adopting a 'trial and error' approach to rate cuts, which means he might support lowering the federal funds rate by 25 basis points at the upcoming September meeting. This statement differs from some analysts' expectations of a 50 basis points rate cut. Barkin further explained that although current inflation levels are slightly above the Fed's target of 2%, there is still room for improvement. He believes that stimulating demand in the housing market and other goods through rate cuts may exacerbate inflationary pressures in the future.