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Fed Has Time to See If More Needed to Tame Inflation, Barkin Says
Federal Reserve Bank of Richmond President Thomas Barkin said policymakers “have time” to work out whether they can hold interest rates steady or if they need to raise them further to get inflation to policymakers’ 2% goal. “I am still looking to be convinced, both that demand is settling and that any weakness is feeding through to inflation,” Barkin said in remarks prepared for delivery to the Real Estate Roundtable in Washington Tuesday. While the path for inflation “isn’t yet clear,” he said, “we have time to see if we have done enough, or whether there’s more work to do.” Noting that ... (full story)
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