Federal Reserve (Fed) Bank of Richmond President Thomas Barkin cast his bets on another decline in Personal Consumption Expenditure (PCE) inflation later this week, noting that the Fed has made ...

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 ...

NEW YORK: Federal Reserve (Fed) of Richmond president Thomas Barkin says he is looking for signs that demand is cooling to be convinced that US inflation will ease. “I believe you need to bring ...

Additionally, estimates for the Fed’s preferred inflation measure indicate inflation is falling. Nevertheless, Barkin said, “it makes sense to stay modestly restrictive until we are more confident ...

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 ...

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 ...

Barkin underscored the challenge uncertainty presents for the Fed, including around policy changes in Washington. Given the difficulty of making significant changes to monetary policy against such ...

The Federal Reserve may have to raise interest rates to counter economic trends that could push inflation higher, Richmond Federal Reserve Bank President Tom Barkin said on Tuesday. For many years ...