Fed’s Barkin says it’s a good time to pause interest rates

Fed’s Barkin says it’s a good time to pause interest rates

Richmond Fed President Thomas Barkin said on Tuesday that the US Fed should hold interest rates steady for the time being after last week’s cut in borrowing costs and assess how the economy evolves. ’I hope, we will see over the next six months the kind of impact you want to have on that’, Barkin said following a speech to an economic outlook conference in Baltimore.

Simone
Simone
nick
nick 5 months

So much for them being independent. Keeping interest rates low only hurts the average saver.

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