Barkin Says Fed Should Hold Rates Amid Iran War and AI Fog
Fed President Thomas Barkin says the Iran war and AI justify holding interest rates steady. He noted that inflation progress has stalled as oil prices rise.
Xurve View
Insights:
Xurve View
Richmond Federal Reserve President Thomas Barkin warned on Friday that a new "fog" is obscuring the economic outlook for the United States, suggesting that interest rates should remain on hold for the time being. Speaking at an economic forum at East Tennessee State University, Barkin highlighted that while some previous policy uncertainties were beginning to resolve, new challenges have emerged to complicate the Federal Reserve's path.
"I can't stand here and tell you the fog has lifted; if anything, it's deepened and spread."
