Fed Barkin emphasizes need to uphold 2% inflation target for credibility

<p>Richmond Fed President Thomas Barkin voiced his perspective on the importance of adhering to its 2% inflation target today. He emphasized the paramountcy of maintaining the institution’s credibility with the public, noting, “We have one big weapon and that is credibility.” Elucidating on the choice of the 2% benchmark, Barkin said, “There is nothing magic […]</p>
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