April 12 (Reuters) - Inflation may be falling but it is
yet to do so at a rate commensurate with inflation falling back
to the Fed's 2% goal, Richmond Fed President Thomas Barkin said
on Wednesday.
"I'm waiting for inflation to crack...It's moving in the
right direction...but in the absence of a month or two months or
three months with inflation at our target it's hard to make the
case that we're compellingly headed there," Barkin said in an
interview with broadcaster CNBC.
(Reporting by Lindsay Dunsmuir; Editing by)
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