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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. Barkin, who votes on monetary policy this year, said Monday the strength of the labor market offers the Fed time to gain confidence that inflation is moving sustainably lower before ...
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The dollar index was lower on Monday for a fourth straight session as a softer-than-expected U.S. jobs report last week supported recent comments from Federal Reserve Chair Jerome Powell, but the greenback strengthened against the yen after last week's suspected interventions. The dollar index, which measures the greenback against a basket of major ...
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