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Fed’s Barkin Says He’s Willing to Raise Interest Rates Again If Needed
Federal Reserve Bank of Richmond President Thomas Barkin said he was still looking to be convinced that inflation has been defeated and he was willing to raise interest rates further if needed. “I do want to learn more about what’s happening with all these lagged effects. But I also want to reduce inflation,” he said in an interview Tuesday on Bloomberg Television with Michael McKee. “And if more increases are what’s necessary to do that I’m comfortable doing that.” Barkin, who is not a voter this year on the policy-setting Federal Open Market Committee, was speaking on the sidelines of the Atlanta ... (full story)
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