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 ...

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 ...

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.

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 ...

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 ...

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 ...

traveler1116 "Uncertainty argues for caution as we look to wrap up the inflation fight," Richmond Fed President Tom Barkin said during a speech to the Rotary Club of Richmond on Tuesday. "If ...