Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin told CNBC today that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin says. “So we’re happy to see inflation start to move
Fed official: Rate increases need to continue until inflation levels at 2%
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
