Reported 3 days ago
Federal Reserve Bank of Richmond President Tom Barkin expressed optimism about the economic outlook for 2025, while emphasizing the need for maintaining restrictive interest rates to combat inflation. He noted that while the economy is showing strength, inflation is still above the Fed's target, leading him to believe that the risks to inflation are tilted upwards. Barkin highlighted the importance of cautious monitoring of the labor market and potential external factors, like tariffs, that could influence price pressures.
Source: YAHOO