Fed’s Barkin suggests rate cuts possible if inflation keeps falling
20/12/2023 6:41
Federal Reserve Bank of Richmond President Thomas Barkin suggested the US central bank would cut interest rates if recent progress on inflation continues, but said he’s still looking for conviction that inflation is heading back to the Fed’s 2% target.
“If you’re going to assume that inflation comes down nicely, of course we would respond appropriately,” Barkin said in a broadcast interview with Yahoo Finance.
Source: Bloomberg
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