Fed Has Time to See If More Needed to Tame Inflation, Barkin Says
- Richmond Fed chief ‘yet to be convinced’ inflation fight won
- Barkin says he supported September hold to assess effects
The Marriner S. Eccles Federal Reserve building in Washington, DC.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
Federal Reserve Bank of Richmond President Thomas Barkin said policymakers “have time” to work out whether they can hold interest rates steady or if they need to raise them further to get inflation to policymakers’ 2% goal.
“I am still looking to be convinced, both that demand is settling and that any weakness is feeding through to inflation,” Barkin said in remarks prepared for delivery to the Real Estate Roundtable in Washington Tuesday.