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Fed’s Barkin Supports Measured Pace of Interest-Rate Increases
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ARLINGTON, Va.—A Federal Reserve official said he supported the central bank’s plans to continue raising interest rates in quarter-point increments until it is comfortable that inflation will return to the Fed’s 2% goal.
Fed officials unanimously approved an increase in its benchmark federal-funds rate of a quarter-percentage point, or 25 basis points, to a range between 4.5% and 4.75%, at the conclusion of their most recent policy meeting on Feb. 1. That increase followed six larger, consecutive increases to combat inflation, which hit a 40-year high last year.
Read more on wsj.comAbout this in other media
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases wsj.com /1 year ago
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases wsj.com /1 year ago
Fed’s Barkin Supports Measured Pace of Interest-Rate Increases wsj.com /1 year ago
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