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Richmond Fed Barkin: Comfortable doing more on interest rates if demand does not slow

Richmond Fed Barkin: Comfortable doing more on interest rates if demand does not slow
Richmond Fed Barkin (non voting) is speaking and says:Is "comfortable doing more" on interest rates if the coming data doesn't confirm a story that slowing demand is returning inflation to the 2% target.Believes higher rates may create the risk of a more significant slowdown, but the experience of the 70s shows the Fed should not back off its inflation fight too soon.The 2% target has served the Fed well for a generation.Inflation has proved "stubbornly persistent," and he is still looking to be... Read More
Posted: Jun 16 2023, 13:10
Author Name: forexlive
Views: 102080

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