Barkin Urges Fed Caution as Inflation Stays High and Demand Remains Healthy

Richmond Fed President Tom Barkin said Monday that policymakers should move carefully even as healthy demand and stubbornly high inflation make the broad direction of monetary policy clear.

“Risks to the demand outlook remain easy to envision,” Barkin said. His comments add a caution about demand to his earlier view that gradual interest-rate adjustments were feasible. At the time, he said the pace of change remained in question.