Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibili
of Richmond President Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibilitiy, per Reuters., Barkin noted that if the US were to have a recession, it would likely be a "less-severe" one. He further added that they try not to focus too much on short-term market moves.These comments don't seem to be having a noticeable impact on the US Dollar's performance against its major rivals.
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