Fed Officials Barkin and Hammack Favor Gradual Interest Rate Hikes Amid Inflation
Summary of 2 reports
Federal Reserve policymakers Thomas Barkin and Beth Hammack have indicated support for a gradual approach to raising interest rates as they focus on controlling persistent inflation. The officials' comments reflect the Fed's balancing act between addressing price pressures and managing economic uncertainty.
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Barkin sees interest rate hikes ahead, but at a gradual pace (opens CNBC in a new tab)
In a CNBC interview, the policymaker expressed concern over inflation and said monetary policy will need to adjust.
Fed's Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high (opens The Economic Times in a new tab)
Federal Reserve officials Beth Hammack and Thomas Barkin are making the case for a gradual approach to interest rate increases, signalling that policymakers remain focused on bringing inflation under control even as uncertainty over the economic outlook…
