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MNI BRIEF: Fed’s Barkin Sees No Hurry To Cut Rates-BBG

Federal Reserve
Richmond Fed President Thomas Barkin, center, at the September 2023 FOMC meeting

The Federal Reserve has time to wait before cutting interest rates as the economy remains strong even as inflation falls, Richmond Fed President Thomas Barkin said Thursday.

“You don’t have to be in any particular hurry. We’ve got some time to be patient,” Barkin said in an interview with Bloomberg TV. (See MNI INTERVIEW: Fed Could Cut By May, Inflation Lingers-Kaplan)

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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