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MNI: Fed Rates Well-Positioned To Respond To Risks - Barkin

Richmond Fed President Tom Barkin sees both upside inflation risk and downside employment risks.

MNI (LONDON) - The Federal Reserve is well positioned to respond to either a U.S. labor market that continues to weaken or a scenario in which demand stays strong and upside inflation risks are revived, Richmond Fed President Tom Barkin said Tuesday. 

The Fed has cut its benchmark interest rate by 75 bps this fall from its post-Covid peak as inflation fell and the labor market normalized. 

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MNI (LONDON) - The Federal Reserve is well positioned to respond to either a U.S. labor market that continues to weaken or a scenario in which demand stays strong and upside inflation risks are revived, Richmond Fed President Tom Barkin said Tuesday. 

The Fed has cut its benchmark interest rate by 75 bps this fall from its post-Covid peak as inflation fell and the labor market normalized. 

Keep reading...Show less