Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires late Friday reaffirming a “patient” approach from the Fed will eventually reduce inflation to the US central bank’s desired target level.
Key highlights
The current economy calls for a deliberate and patient approach.
With appropriate policy and time, inflation will hit 2%.
Demand is solid, and not overheating.
I am looking for inflation progress to sustain and broaden.
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