Fed’s Barkin Says Inflation Still Headed in ‘Right Direction’
- Remains confident after strong September inflation report
- Has some concern that rate cuts could spur demand in housing
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Federal Reserve Bank of Richmond President Thomas Barkin expressed optimism about inflation’s progress, but said the fight wasn’t over, citing potential risks that could stoke price pressures.
“We’re definitely headed in the right direction,” Barkin said Thursday at an event in Norfolk, Va. hosted by the Virginia Maritime Association. “I wouldn’t declare victory on it,” he added.