Federal Reserve Bank of Richmond President Thomas Barkin

  • Despite falling from its peak inflation is still too high
  • demand is still elevated compared with its pre-pandemic trend
  • elevated demand is boosting inflation higher
  • says he'd be content with more hikes if inflation is not progressing toward the goal


Barkin jumping on board the July Federal Open Market Committee (FOMC) rate hike bandwagon it would seem.

Fed's Barkin