The timing and pace of any changes to interest rates this year will depend on the economic data, Richmond Federal Reserve Bank President Tom Barkin said.
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In an interview with Yahoo Finance on Tuesday, Richmond Federal Reserve Bank President Thomas Barkin said that the Federal Reserve would "act appropriately" if inflation comes down as expected, per Reuters.
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Richmond Federal Reserve Bank
President Thomas Barkin on Wednesday said he is skeptical that
inflation is on its way down to 2%, and wants the option of
another rate hike in case inflation gains.