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 ...

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

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 ...

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 ...

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 ...

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 ...

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 ...

At a separate event Friday, Richmond Fed president Thomas Barkin said inflation remained “too high” and was “stubbornly persistent.” “I want to reiterate that 2% inflation is our target ...

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 ...