Richmond Fed President Tom Barkin said Monday he is happy to wait for a few more months to gauge the tenacity of inflation and the strength of the labor market.
Richmond Fed President Tom Barkin said Monday that he is content to wait a few more months before deciding if the central bank has to become more aggressive due to recent inflation trends.
“I think it is helpful to have some time to see where reality is in this economy, and if the need to act is there. We will do what we need to do,” he said. And former New York Fed President William Dudley said the central bank “is pretty late” in terms of responding to higher prices.
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