Interest Rates Should Be Higher for Longer Amid Inflation Uncertainty, According to Richmond Fed President

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One of the Federal Reserve’s decision-makers says that the risk of an inflationary wave in 2025 is higher than most investors realize. Speaking with the Maryland Bankers Association in Baltimore, Thomas Barkin, President of the Federal Reserve Bank of Richmond, says he thinks “there is more upside risk than downside risk” to inflation given the possibility of higher wages and other price pressures, Reuters reports . “I put myself in the camp of wanting to stay restrictive for longer as opposed t...