Richmond Fed president leaves policy path open in 2026
Barkin says consumer sentiment is still negative, despite US economy’s resilience
Adjustments to US monetary policy will need to be finely tuned and based on progress towards both stable prices and maximum employment, the president of the Federal Reserve Bank of Richmond has said.
In a speech to the Raleigh Chamber of Commerce in North Carolina on January 6, Tom Barkin said that “with the hiring rate low, no one wants the labour market to deteriorate much further. With inflation above target now for almost five years, no one wants higher inflation expectations to get embedded
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