Reported over 1 year ago
Richmond Federal Reserve Bank President Thomas Barkin expressed his cautious approach to monetary policy, stating that while the Fed's interest rate hikes may help reduce inflation in the future, policy might not be as tight as perceived. Despite uncertainty, Barkin emphasized the need to proceed deliberately and attentively monitor the real economy, stressing the importance of adjusting policy based on new information. The economy's resilience, unforeseen labor market strength, and contradictory inflation patterns have led to varied views among policymakers on future rate adjustments.
Source: YAHOO