Fed’s Barkin ‘open’ to possibility of inflation declining ‘in short order’
Summary
Federal Reserve Bank of Richmond President Thomas Barkin said inflation might go down soon. However, he warned that prices could stay high because of the ongoing war in Iran.Key Facts
- Thomas Barkin is the President of the Federal Reserve Bank of Richmond.
- Barkin spoke at the CFA Society’s Baltimore branch on Tuesday.
- He said inflation could decrease quickly.
- Barkin mentioned recent "shocks" affecting the economy but did not specify them.
- The war in Iran could keep prices high despite potential inflation decreases.
- Barkin’s comments reflect uncertainty about future inflation trends.
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