FED'S BARR SAYS THE LAST HIKE WAS APPROPRIATE AND THAT HE THINKS THE FED WILL LIKELY NEED FURTHER ADJUSTMENTS, SEEING THE U.S. NOT GETTING TO ITS 2% INFLATION TARGET IN A TIMELY WAY UNLESS POLICY IS ADJUSTED, WITH ALL THE FED'S FOCUS ON WHAT THE DATA TELL IT ABOUT THE EVOLVING OUTLOOK AND BALANCE OF RISKS.