Fed’s Barkin: Rates must stay high until inflation eases – FT
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“US central bank must lift interest rates to a level that restrains economic activity and keep them there until policymakers are “convinced” that rampant inflation is subsiding,” said Richmond president Thomas Barkin In an interview with the Financial Times (FT).
The news adds strength to the US Dollar Index (DXY) which stays at the highest level in 20 years, up 0.36% intraday to 110.62 by the press time.
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