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Fed's Barkin says US central bank's direction 'straightforward,' the question is pace, SiriusXM reports
WASHINGTON: Richmond Federal Reserve President Tom Barkin said on Friday that with high inflation and the economy solid, the path of US monetary policy was “straightforward,” but with an open question about the pace of any future rate increases. “Inflation’s high, demand is solid, unemployment is relatively low. So I think the direction of travel is pretty straightforward,” Barkin said on SiriusXM’s Business Briefing when asked if the Fed would need to raise rates again. “The question, though, is pace … We signaled a gradual approach. Gradual makes sense when you’re not much behind the curve, ...
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