Reported 4 days ago
Federal Reserve's Richmond President Tom Barkin stated that the Fed's current moderately restrictive monetary policy is suitable given the significant uncertainty in U.S. government policies. While discussing the potential effects of newly announced tariffs on inflation, he emphasized that the unpredictability surrounding economic policies is causing caution among businesses and consumers, which could dampen demand. Barkin indicated that the Fed is prepared to adjust its stance if economic conditions change.
Source: YAHOO