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Fed's Barkin backs gradual rate hikes as inflation stays high

Bloomberg ·
Fed's Barkin backs gradual rate hikes as inflation stays high
  • Barkin said gradual rate hikes make sense while inflation remains high alongside low unemployment and solid economic demand.
  • Barkin said the direction of Fed tightening is clear and the open question is pace, favoring a gradual approach to learn over time.
  • The source body gives no verifiable dated primary event; the article's publication timestamp is not treated as proof of a new development.

Quotes

“The direction of travel is pretty straightforward — the question, though, is pace”— Tom Barkin
“A gradual approach is a good way to go, and we’ll see what we learn over the next period of time”— Tom Barkin

Sources