Senior Fed officials diverge on future rate policy

Thomas Barkin, Richmond Fed President.

Senior Federal Reserve officials are still divided on inflation and what the appropriate US monetary policy should be.

In July 11 speeches, Richmond and Atlanta Fed presidents Tom Barkin and Raphael Bostic said they were not convinced by inflation concerns. Fed governor Lael Brainard, however, argued a lower expected path of inflation would be prudent risk management, given inflation is on the “soft side”.

“I do not see the current levels of inflation or inflation expectations as a trigger for

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