Barkin warns businesses may pass on higher operating costs
Richmond Fed President Tom Barkin said inflation is proving a “troublemaker,” and inflationary pressures from businesses facing higher operating costs are still building in some areas.
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By Dean SealRichmond Fed President Thomas Barkin suggested more rate hikes could be coming as the central bank focuses all of its attention on taming inflation.Speaking at an event in Baltimore, Barkin compared the Federal Reserve's dual mandate of price stability and maximum employment to raising…
Inflation is proving to be a "troublemaker" for the central bank, Richmond Federal Reserve President Tom Barkin said Tuesday. He said inflationary pressures are still building in some areas as businesses struggle with higher operating costs. In prepared remarks for the CFA Soci…