Central Banks
Fed Officials Say Full Impact of Past Rate Hikes Is Yet to Come
- ‘Still not seeing the full effects,’ Richmond’s Barkin says
- Atlanta’s Bostic says policy ‘likely sufficiently restrictive’
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Two Federal Reserve officials said the US economy still hasn’t felt the full effect of past interest-rate increases, suggesting more slowing is yet to come.
“In aggregate, we are still not seeing the full effects of policy,” Richmond Fed President Thomas Barkin said Thursday during a fireside chat in New Orleans. Speaking at the same event, Atlanta Fed President Raphael Bostic said he agreed.