Fed’s Barkin Says He’s ‘Very Supportive’ of Patient Approach

Federal Reserve Bank of Richmond President Thomas Barkin said he is “very supportive” of the US central bank’s patient stance toward determining when to begin easing monetary policy.

“I am very supportive of being patient to get to where we need to get,” Barkin said Wednesday at an Economic Club of Washington, D.C. event. “I see, at this point, the tradeoff — which is coming into better balance — as still being in favor of continuing to work on inflation.”