Fed's Barkin: Implications for Policy are Straightforward, Question is Pace
Dow Jones00:04
1103 ET - Federal Reserve Bank of Richmond President Tom Barkin reiterated his view that the central bank's implications for policy are pretty straightforward; however, the question is the pace. A gradual pace makes sense if you think there's uncertainty in the world, Barkin says in an interview with CNBC. "If you think there's information you're going to get in the period... I think that's still a pace that makes sense to me." Barkin says that demand is solid, unemployment is near record lows, and inflation is still too high.
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