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MNI INTERVIEW(RPT): Fed's Barkin: Hikes Not On Set 50BP Course

(MNI) Washington
WASHINGTON (MNI)

Richmond Fed President tells MNI he is not ruling out a 75 basis point move if needed.

(Repeats article first published on May 7)

Federal Reserve Bank of Richmond President Tom Barkin told an MNI podcast Friday interest rate increases are not on a preset course and he would like to see interest rates on a path to normal that is as fast as feasible, backing this week's historic FOMC decision to raise the fed funds rate 50bps, while not ruling out the potential for a supersized 75bp increase if needed.

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(Repeats article first published on May 7)

Federal Reserve Bank of Richmond President Tom Barkin told an MNI podcast Friday interest rate increases are not on a preset course and he would like to see interest rates on a path to normal that is as fast as feasible, backing this week's historic FOMC decision to raise the fed funds rate 50bps, while not ruling out the potential for a supersized 75bp increase if needed.

Keep reading...Show less