Barkin: Fed's foot "unequivocally" on the brake, makes sense to move slower

Kitco Media
By Reuters
Published:
Updated:
Reuters
WASHINGTON, Feb 9 (Reuters) - Tight monetary policy is "unequivocally" slowing the U.S. economy, allowing the U.S. Federal Reserve to move "more deliberately" with any further interest rate increases, Richmond Federal Reserve president Thomas Barkin said on Thursday. "I'm confident that our foot is unequivocally on the brake," Barkin said in a podcast posted to the Richmond Fed Web site. "It just makes sense to steer more deliberately" as the Fed both studies the impact of monetary policy on the economy but also watches to see if inflation continues slowing.
(Reporting by Howard Schneider)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.