Fed's Barkin Says Policy Direction Is Clear, Pace Remains Open
Richmond Fed President Tom Barkin said high inflation and solid demand make the direction of US monetary policy straightforward, while the pace of future rate increases remains an open question.
By Howard SchneiderRichmond Federal Reserve President Tom Barkin said on Friday that with high inflation and the economy solid, the path of US monetary policy was "straightforward," but with an open question about the pace of any future rate increases."Inflation's high, demand is solid, unemploymen…