Fed's Barkin says gradual, roughly quarterly rate hikes preferred path; AI investment inflationary

Federal Reserve Bank of Richmond President Thomas Barkin says the direction of travel for the Fed is straightforward and the question is pace, calling gradual, roughly quarterly rate hikes the preferred path. He says the AI investment surge has pressured supply chains and is inflationary, creating demand-side inflation the Fed can lean against, while business owners report solid demand with weakness only among non-profits and housing.

Detected & updated continuously · Source: Nebula