Published Date Feb 08, 2024

Richmond Fed President Tom Barkin said it would be smart for the central bank to "take our time" on rate cuts despite "remarkable" data showing that inflation is dropping.

Barkin made these comments during a speech before the Economic Club of New York, arguing that while it's possible for the US to return to a pre-pandemic economy "seamlessly," it’s also possible that the landing could be "bumpier."


READ MORE: Tom Barkin becomes latest Fed official to urge patience on rate cuts

By Caroline Gaudette

1679 Views,

Flag

Please sign in to flag this as inappropriate.

• Tweet