Barkin Says It’s Too Soon to End Fed Hikes as Inflation Lingers
- Fed can’t declare victory yet, Richmond Fed president says
- Wants to see inflation compellingly head back to target
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Recent US inflation reports have been encouraging, but the rate of increases in prices is still too high to ease off monetary restraint, Federal Reserve Bank of Richmond President Thomas Barkin said.
“I would want to see inflation convincingly back to our target” before easing up on rate hikes, Barkin said in an interview with Fox Business Tuesday. “You just can’t declare victory too soon.”