Federal Reserve Bank of Richmond President Tom Barkin said the central bank must remain determined in its inflation fight and flagged the risk of longer-term inflationary headwinds.

Richmond Fed president Tom Barkin said Tuesday that he wants to keep interest rates "modestly restrictive" until he gains more confidence inflation is returning to the central bank’s 2% goal, warning ...

Barkin said he understands that the fight against inflation has been long, but that “it is critical that we remain steadfast.” ...

Barkin said he expects data due on Friday to show that the Personal Consumption Expenditures price index the Fed uses to set its 2% inflation target eased in January. The economy, meanwhile ...

U.S. Federal Reserve officials remain uncertain about the impact tariffs might have on inflation, but have begun outlining more serious risks to supply chains, public expectations and ultimately ...

With Northern Virginia fearful of losing federal jobs, Richmond Fed President Tom Barkin says business leaders shouldn't ...

Listen to this article Although inflation is coming down, the Federal Reserve Bank should exercise caution amid economic and geopolitical uncertainty, Federal Reserve Bank of Richmond President and ...

Richmond Fed president Tom Barkin said Tuesday that he wants to keep interest rates "modestly restrictive" until he gains more confidence inflation is returning to the central bank's 2% goal ...

In December, the Fed forecast two rate cuts in 2025. It will publish new projections at its next policy meeting in mid-March. Barkin said the economy is in a good place, labor-market conditions ...

Federal Reserve Bank of Richmond President Tom Barkin said the central bank must remain determined in its inflation fight and flagged the risk of longer-term inflationary headwinds. “It makes ...