Richmond Fed President Thomas Barkin said in an interview yesterday, “I’m very supportive of a (tightening) path that is slower, probably longer and potentially higher than where we were before.”
“It is helpful to be somewhat more cautious as you are in restrictive territory,” he said. “It is a better risk-management approach.”
“Inflation has been stubborner than I would like,” he said. “As long as inflation stays elevated, that makes the case to me that we need to do more.”
