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MNI BRIEF: Fed's Barkin Calls For Patience As Inflation Falls

(MNI) WASHINGTON
USPolicy NewsCentral Bank NewsHomepageFederal ReserveBriefStoryRegionNorth America

The Federal Reserve can be patient about making any adjustments to monetary policy as it seeks more evidence that the recent decline in inflation is sustainable, Richmond Fed President Thomas Barkin said Wednesday.

"I'm very supportive of being patient getting where we need to get," he said, citing strong wage growth and increased pricing power on the part of businesses as possible upside risks. "We'll have to see whether it's going to be sustainably down or if there's still more inflation pressure to come." (See: MNI INTERVIEW: Ex-Fed's Lockhart Sees Not Rush To Cut In H1)

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The Federal Reserve can be patient about making any adjustments to monetary policy as it seeks more evidence that the recent decline in inflation is sustainable, Richmond Fed President Thomas Barkin said Wednesday.

"I'm very supportive of being patient getting where we need to get," he said, citing strong wage growth and increased pricing power on the part of businesses as possible upside risks. "We'll have to see whether it's going to be sustainably down or if there's still more inflation pressure to come." (See: MNI INTERVIEW: Ex-Fed's Lockhart Sees Not Rush To Cut In H1)