Fed’s Barkin Says Repeated Supply Shocks Test Inflation Anchor

Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US...

By Maria Paula Mijares Torres · Bloomberg Markets

Federal Reserve Bank of Richmond President Tom Barkin said the ability of businesses and consumers to tolerate the latest in a series of supply shocks will determine whether the US central bank can continue to “look through” higher inflation without raising interest rates.