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Barkin Backs Fed Hike, Citing Persistent Inflation Risks
Richmond Fed President Tom Barkin said resilient spending and broader economic strength, alongside inflation pressures that have persisted longer than expected, justified last week’s rate increase. He said inflation risks currently outweigh employment risks, while leaving open whether further hikes will be needed.
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About Thomas Barkin
Thomas I. Barkin is an American central banker, currently serving as the 8th president and CEO of the Federal Reserve Bank of Richmond since January 2018, and member of the Federal Open Market Committee.
Everything about Thomas Barkin →- Occupation
- business executive
- Citizenship
- United States
- Born
- 1961