Federal Reserve Bank of Richmond President Thomas Barkin expressed concerns about disappointing inflation data this year and emphasized the Fed's readiness to respond if the economy overheats. Barkin believes the current high interest rates can restrain demand to meet inflation targets and expects them to slow the economy further. Despite a strong labor market, Barkin notes the risk of businesses raising prices.
Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target https://t.co/vZHdIimhXZ
Fed’s Barkin thinks the U.S. economy will slow further, cooling down inflation https://t.co/1zeD4bgEDe
FED'S BARKIN: IT IS WORRISOME WHEN MONTHLY INFLATION PRINTS COME IN HIGHER.
🚦 Fed Barkin expresses disappointment with this year's inflation data, indicating the job isn't complete. He's confident that current rate levels can restrain demand to meet inflation targets. Despite a strong labor market, Barkin notes the risk of businesses raising prices,…
Fed's Barkin: I am confident that the current restrictive level of rates can curb demand enough to bring inflation to the target. Given the strong labor market, the Fed has time to gain the confidence it needs to be sure that inflation will fall. https://t.co/pd3E5CMUmi
🇺🇸 FED'S BARKIN: INFLATION DATA THIS YEAR IS "DISAPPOINTING" AND THE JOB IS NOT YET DONE
* BARKIN: BELIEVE FULL IMPACT OF HIGHER RATES STILL TO COME @JohnSpall247 #FOMC https://t.co/0qQffDUDTA
Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target https://t.co/zGE4byED73
Breaking news is Barkin says higher rates will eventually slow down the economy......lol
Fed's Barkin Calls Inflation Data This Year "Disappointing...Job Is Not Yet Done" - Confident That Current Restrictive Level Of Rates Can Curb Demand Enough To Bring Inflation To Target - Doesn’t See Economy Overheating, But Fed ‘Knows How To Respond If It Does’ - Data 'Whiplash’…
FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.
BARKIN: INFLATION DATA THIS YEAR "DISAPPPOINTING...JOB IS NOT YET DONE" BARKIN: DON'T SEE ECONOMY OVERHEATING, BUT FED KNOWS HOW TO RESPOND IF IT DOES
🔴 FED'S BARKIN: I AM CONFIDENT THAT THE CURRENT RESTRICTIVE LEVEL OF RATES CAN CURB DEMAND ENOUGH TO BRING INFLATION TO THE TARGET.
FED'S BARKIN: INFLATION DATA THIS YEAR IS "DISAPPPOINTING" AND THE JOB IS NOT YET DONE.