Fed's Barkin says policy direction is straightforward, with pace the open question
TLT•Richmond Fed President Tom Barkin said high inflation and solid demand make the direction of monetary policy straightforward, while the pace of any future rate increases remains open.
1. Barkin on rate path
Barkin said inflation was high, demand was solid and unemployment relatively low, making the direction of monetary policy straightforward. He said the question was the pace of any future increases, adding that a gradual approach makes sense when policymakers are not far behind the curve and want time to learn.
