Fed's Barkin says if inflation remains high then the Fed needs to keep moving rates higher

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Fed's Barkin says if inflation remains high then the Fed needs to keep moving rates higher

<p><a href="https://www.forexlive.com/terms/f/federal-reserve/" target="_blank" id="0139b451-c49a-48a1-8365-838a83595a97_1" class="terms__main-term">Federal Reserve</a> Bank of Richmond President Thomas Barkin:</p><ul><li> Our foot is off the gas</li><li>Our foot is on the brake</li><li>I'm supportive of a path that is slower, longer and potentially higher for rates</li><li><a href="https://www.forexlive.com/terms/i/inflation/" target="_blank" id="ad51a5a2-1afc-4f42-9e62-ea6faf6f90fa_1" class="terms__secondary-term">Inflation</a> has been stubborner than would like</li><li>If inflation stays elevated, the Fed needs to do more</li><li>It's helpful to be somewhat more cautious</li><li>Moving a little slower is better risk management</li><li>Inflation expectations seem to have stayed stable</li><li>If inflation stays high, will keep moving rates up</li><li>Fed will do what we need to do</li></ul><p>           Barkin in a media interview, Headlines via Reuters </p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Fed's Barkin says if inflation remains high then the Fed needs to keep moving rates higher

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