6 Articles
6 Articles
The president of Richmond Federal Reserve (Fed) district, Thomas Barkin, expressed concern about high inflation in the United States and stated that the US central bank will need to raise interest rates even further, at a gradual pace. The Fed maintained the basic interest rate in the range between 3.75% and 4% just over a week ago. Barkin is not entitled to vote this year on the Monetary Policy Committee, but will have in 2027. Subject matter e…
More interest rate hikes will be needed by the Federal Reserve, which plays the role of the US central bank, to curb inflation, Richmond Fed Chairman Thomas Barkin said in an interview on Thursday. According to the central banker, the direction is clear, but the exact extent and pace of tightening is still an open question, although for his part he considers gradual steps justified.
President of the Richmond Fed, Thomas Barkin tells CNBC that he expects new interest rates in the U.S., without defining pace or magnitude
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