ECONOMIC OUTLOOK & SMALL BUSINESS · SEPTEMBER 3, 2026
Fed Governor Links Inflation Risk With Broader Access to Entrepreneurship
Governor Michael Barr said inflation remains above target and could require decisive action if it does not moderate, while emphasizing credit, technical assistance, and business networks for entrepreneurs with criminal records.
Economic and policy context
In a September 1 speech, Governor Michael Barr described a stable labor market and solid economic growth, while warning that inflation remains too high. He said policymakers would assess whether inflation is moderating toward 2% and stated that insufficient progress could call for decisive rate action.
- 01Build verifiable cash flow
- 02Use technical assistance
- 03Prepare for full underwriting
Credit access and entrepreneurship
Barr focused on workers and entrepreneurs with criminal records, describing access to credit, business networks, and technical assistance as three essential supports. He noted the role of SBA-supported Small Business Development Centers, CDFIs, microlenders, and other organizations in helping entrepreneurs prepare plans, projections, and loan packages.
What prospective borrowers should take from it
Broader access does not eliminate prudent credit review. Applicants can strengthen a request by documenting ownership, experience, use of funds, historical performance, assumptions, repayment capacity, and any risks that need explanation. Program eligibility and final approval remain lender-specific.
Small-business applicants should not treat financial inclusion as relaxed underwriting; a clear plan, reconciled cash flow, realistic projections, and a complete loan package remain central to credit evaluation.
Discuss a financing need →This independent summary is based on the cited source and is provided for general educational purposes only. Terms and program requirements may change.