Fed’s Barkin Urges Slowing Rate Hikes But Higher Destination
Federal Reserve Bank of Richmond President Thomas Barkin said he favored slowing the pace of interest rate hikes in recognition of past aggressive moves, while adding that the peak of rates may need to be held for longer at potentially higher levels to dampen inflation.
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### Response: Federal Reserve Bank of Richmond President Thomas Barkin said he favored slowing the pace of interest rate hikes in recognition of past aggressive moves, while adding that the peak of rates may need to be held for longer at potentially higher levels to dampen inflation.