Fed Rate Increases to Persist Until Inflation Eases, Barkin Says
- Inflation decline won’t be immediate or predictable, he says
- Rate, balance-sheet moves take time to reduce inflation
Source: Federal Reserve Bank of Richmond
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The Federal Reserve will keep raising interest rates and cutting its balance sheet until US inflation eases, Richmond Fed President Thomas Barkin said.
“Our rate and balance-sheet moves take time to bring inflation down,” he said in remarks prepared for delivery at an event hosted by the Prince William Chamber of Commerce in Virginia Friday. “The Fed will persist until they do.”