Fed’s Barkin Says More Rate Cuts Require More Confidence on Inflation

Federal Reserve Bank of Richmond President Tom Barkin said the US central bank would need to have confidence that inflation will move down before lowering interest rates again.

“You could get that confidence because it actually continues to settle,” Barkin said Monday during an appearance on CNBC. “You could get that confidence because the economy is in such tough shape that you feel that whatever downturn you have will also settle inflation.”