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 ...

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 ...

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 ...

The post Fed should be cautious amid uncertainty, Barkin says appeared first on Virginia Business. Older Citrus County Chamber of Commerce 2025 Board of Directors and staff ...

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 ...

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 ...

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 ...

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 ...