The Federal Reserve has to avoid the mistake of declaring victory over inflation too soon, says Richmond Fed President Tom Barkin on Tuesday.
The Federal Reserve must avoid the mistake of declaring victory over inflation too soon, said Richmond Fed President Tom Barkin on Tuesday.
“If you back off while inflation is still elevated, it will come back even higher... The Federal Reserve must avoid the mistake of declaring victory over inflation too soon, said Richmond Fed President Tom Barkin on Tuesday. “If you back off while inflation is still elevated, it will come back even higher the next time, meaning you’ve got to do even more damage to take control of it,” Barkin said.
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