Federal Reserve Bank of Richmond President Thomas Barkin:
- Our foot is off the gas
- Our foot is on the brake
- I'm supportive of a path that is slower, longer and potentially higher for rates
- Inflation has been stubborner than would like
- If inflation stays elevated, the Fed needs to do more
- It's helpful to be somewhat more cautious
- Moving a little slower is better risk management
- Inflation expectations seem to have stayed stable
- If inflation stays high, will keep moving rates up
- Fed will do what we need to do
Barkin in a media interview, Headlines via Reuters
