Barkin Says Appropriate for Fed to Remain ‘Modestly Restrictive’
- Says Fed should remain ‘steadfast’ in its inflation fight
- Hard to make significant Fed policy moves amid uncertainty
Tom Barkin
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Federal Reserve Bank of Richmond President Tom Barkin said the central bank must remain determined in its inflation fight and flagged the risk of longer-term inflationary headwinds.
“It makes sense to stay modestly restrictive until we are more confident inflation is returning to our 2% target,” Barkin said Tuesday in a speech in Richmond, Virginia. “I recognize the fight against inflation has been long, but it is critical that we remain steadfast.”