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Thomas Barkin, President of the Federal Reserve Bank of Richmond stressed the need for further clarity on the inflation path before considering lowering interest rates.
"My personal view is letâs get more conviction before moving,â Bakin told reporters following an event in Richmond on Thursday.
He emphasized the importance of sustained and broad progress toward the Fedâs 2% inflation target before making any adjustments to borrowing costs.
Barkin, a voting member of the Federa...
>>> Read more: Fedâs Barkin wants more evidence on inflation before rate cuts
"My personal view is letâs get more conviction before moving,â Bakin told reporters following an event in Richmond on Thursday.
He emphasized the importance of sustained and broad progress toward the Fedâs 2% inflation target before making any adjustments to borrowing costs.
Barkin, a voting member of the Federa...
>>> Read more: Fedâs Barkin wants more evidence on inflation before rate cuts
