The recent rise in long-term interest rates reflects higher risk premiums as opposed to concerns about inflation, Federal Reserve Bank of Richmond President Thomas Barkin said.
Barkin, who voted in favor of a quarter-point ... and inflation slightly higher than officials had predicted. The Fed’s preferred inflation gauge rose 2.4% for the year ending in November.
Federal Reserve Bank of Richmond President Thomas Barkin hailed the U.S. economy’s strength, forecasting more growth to come in 2025. “I think it’s fair to say: No one predicted this ...
The Fed lowered its benchmark interest rate at three consecutive meetings beginning in September, including by a quarter point at its most recent gathering in December. Barkin is among Fed ...
Federal Reserve Bank of Richmond President Tom Barkin said there are still upside risks to inflation and growth, underscoring his preference to keep interest rates restrictive for longer. While ...
Barkin says further rate cuts tied to confidence in inflation drop Richmond Fed chief says it's hard to predict economic impact of Trump policies He says businesses are largely optimistic ...
“But there’s still work to do.” Barkin’s comments follow figures released earlier Wednesday that showed the so-called core consumer price index, which excludes food and energy costs, increased a ...