Fed's Barkin: No signs of stagflation, no rush to cut interest rates
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Planet Daily News: Richmond Federal Reserve Chairman Thomas Barkin said on April 1st that he has not yet seen signs similar to the stagflation of the 1970s, when the key characteristic was uncontrolled inflation expectations. Current concerns remain about inflation and employment, and there is no rush to cut interest rates on policy. He pointed out that more clear information is needed to assess the impact of tariffs, and rate cuts will only be considered when there is more confidence in the inflation situation. Additionally, he stated that the pace of balance sheet reduction may be slower and last longer. (Jinshi)
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