Richmond Fed Barkin
  • Makes sense to be patient on rate cuts
  • In all honesty my forecast is uncertain. That's why it's important to be patient on rate cuts
  • Inflation has been coming down nicely over the last seven months
  • Concerned that goods prices coming down might be a head fake and may move back the upside in coming months.
  • I don't have a rate path focus. Have a economy focus
  • if inflation continues to calm down, and if it starts to broaden out in many categories, that's a kind of signal I am looking for to start cutting rates