Free Trial

Fed’s Barkin - Inflation Could Persist Despite Bank Turmoil

EMERGING MARKETS
  • MNI - The Federal Reserve must remain vigilant to the possibility that inflation worries have become so widespread in the economy that the recent banking turmoil and its drag on economic activity might not be enough to tamp down price pressures, Richmond Fed President Thomas Barkin said Thursday.
  • “It is possible that tightening credit conditions, along with the lagged effect of our rate moves, will bring inflation down relatively quickly. But I still see three reasons why it could take time for inflation to return to target,” Barkin said in prepared remarks to the Virginia Council of CEOs.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.