Progress in US inflation is still focused exclusively on goods, says the Fed’s Barkin

Inflation gains in the United States have been focused too narrowly on goods, Richmond Federal Reserve President Tom Barkin said Thursday, adding that he is still waiting to be convinced that the pace of price increases will stabilize at target. of 2% of the Fed.

“I want to convince myself,” he said, adding that he doesn’t want to be “fooled” by low asset inflation only to have it pick up again in the future, Barkin said in comments to the Virginia Bankers Association.

Source: Terra

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