Richmond Fed President Thomas Barkin Says Gradual Rate Hikes Remain Reasonable

Richmond Fed President Thomas Barkin said gradual interest-rate increases remain reasonable, pointing to robust demand and strong earnings even as some sectors have not felt the strength. Barkin said strong earnings are encouraging businesses to invest and retain workers. He described demand across the economy as robust, with some sectors not experiencing it. Barkin said he does not expect inflation to accelerate but sees no current indication that it is declining. The remarks echo his earlier view that gradual rate adjustments are feasible . Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost.

Source: TokenPost