Central Banks
Fed’s Barkin Says He’s Willing to Raise Interest Rates Again If Needed
- Richmond Fed chief says he’s yet to be convinced on inflation
- Policymakers have ‘optionality’ to hike again or wait and see
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Federal Reserve Bank of Richmond President Thomas Barkin said he was still looking to be convinced that inflation has been defeated and that he’d support raising interest rates further if needed.
“I do want to learn more about what’s happening with all these lagged effects. But I also want to reduce inflation,” he said in an interview Tuesday on Bloomberg Television with Michael McKee. “And if more increases are what’s necessary to do that I’m comfortable doing that.”