Richmond Fed President Tom Barkin said the Fed should get inflation under control and avoid the stop-and-go policies of 1970s.
The best policy for the Federal Reserve going forward is not to react when there is a weak month of economic growth but to get inflation under control, said Richmond Federal Reserve President Tom Barkin on Tuesday.
“One... The best policy for the Federal Reserve going forward is not to react when there is a weak month of economic growth but to get inflation under control, said Richmond Federal Reserve President Tom Barkin on Tuesday. “One of the things that those who studied the 1970s would say is what you shouldn’t do is restrict, stimulate, restrict, stimulate, restrict, stimulate,” Barkin said during a speech to the Rotary Club of Charlotte.
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