Fed's Barkin Advocates for Sustained Restrictive Policy Amid Inflation Concerns - PRESS AI WORLD
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Fed's Barkin Advocates for Sustained Restrictive Policy Amid Inflation Concerns

share-iconSaturday, January 04 comment-icon2 weeks ago 7 views
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reutersREUTERS
Fed's Barkin Advocates for Sustained Restrictive Policy Amid Inflation Concerns

Credited from: REUTERS

  • Richmond Federal Reserve President Thomas Barkin stresses the importance of maintaining a restrictive policy rate until inflation approaches 2%.
  • Barkin notes a higher upside risk to inflation due to strong economic conditions and potential price pressures.
  • Amid ongoing debates within the Fed, Barkin advocates for a longer period of high interest rates rather than quick reductions.
  • He expresses optimism for >growth< in consumer spending and business confidence, tempered by inflation uncertainty.
  • Barkin states lowering rates will depend on clear evidence of stable inflation and significant demand-side weakening.

For more details, read the full article here.

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