Fed's Barkin signals gradual rate hikes ahead, inflation remains top risk

Richmond Federal Reserve President Tom Barkin $FED stated that the path for monetary policy is straightforward, though the pace remains the key question. He indicated that a gradual approach to rate increases "makes sense" and policy currently sits near neutral levels.

Barkin emphasized that demand in the economy remains solid while inflation represents the Fed's primary concern. Businesses report broad-based cost pressures and are passing increases through to consumers. #economy #markets