Richmond Fed's Barkin expects further rate hikes at gradual pace
Briefing by News4U · First published
CNBC reported that Richmond Federal Reserve President Thomas Barkin said the central bank will need to raise interest rates further, though he is unsure by how much or at what pace. Barkin cited near-record-low unemployment and high inflation, noting that gradual adjustments make sense given uncertainty and incoming information. The comments follow the Fed's recent decision to keep its benchmark rate between 3.75% and 4%. [1]
Sources
- Barkin sees interest rate hikes ahead, but at a gradual pace
CNBC · · Full text