Central Banks
Fed’s Barkin Says He’s Seeking Evidence Demand Is Coming Down
- Officials next meet to decide interest rates June 13-14
- Richmond Fed chief says inflation rate remains too high
Source: Federal Reserve Bank of Richmond
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Federal Reserve Bank of Richmond President Thomas Barkin said he is looking for signs that demand is cooling to be convinced that US inflation will ease.
“I believe you need to bring inflation down by bringing demand down,” Barkin said Tuesday during a virtual event hosted by the National Association for Business Economics. “I’m looking to be convinced that demand is in fact coming down, and that that will then start to bring inflation down.”