Name: Fed’s Barkin Says Full Impact of High Interest Rates Yet to Come
Uploaded: 2024-05-06T15:57:52-04:00
Duration: 5 min
Description: (Bloomberg) — Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. Most Read from Bloomberg Barkin, who votes on monetary policy this year, said Monday the strength of the labor market offers the Fed time to […]

Tag: Barkin

Fed’s Barkin Says Full Impact of High Interest Rates Yet to Come

(Bloomberg) — Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. Most Read from Bloomberg Barkin, who votes on monetary policy this year, said Monday the strength of the labor market offers the Fed time to […]

Current rates should be enough to bring inflation down: Fed’s Barkin

Richmond Fed president Tom Barkin said Monday he is optimistic that the current interest rates will be enough to eventually bring inflation down, and that the Fed can afford to be patient due to a strong job market. “The recent data whiplash has only confirmed the value of the Fed being deliberate,” Barkin said in […]