Fed Barkin: The case for a rate hike this week was pretty clear

Richmond Fed Pres. Thomas Barkin (2023 non-voting member) in an interview with CNN said:

• The case for a rate hike this week was pretty clear
• Labor markets are tight
• people hate inflation

  Inflation
  

  Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general price level where a given currency is effectively buying less than it has in previous periods. In terms of valuation of strength or currencies, and by extension foreign currencies, inflation or its measures are extremely influential. Inflation stems from the global creation of money. This money is m
  

  Inflation is defined as a quantitative measure of the rate at which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general price level where a given currency is effectively buying less than it has in previous periods. In terms of valuation of strength or currencies, and by extension foreign currencies, inflation or its measures are extremely influential. Inflation stems from the global creation of money. This money is m
  Read this term. Inflation is unfair

• People want the fed

  The Fed
  

  “The Fed” is shorthand for the Federal Reserve or the Federal Reserve System, the central banking system of the United States. Traders often discuss Fed actions, primarily interest rate decisions, as they have a significant impact on all financial markets. The term “Feds” refers to the enforcement of US federal law, including agencies such as the FBI (Federal Bureau of
  

  “The Fed” is shorthand for the Federal Reserve or the Federal Reserve System, the central banking system of the United States. Traders often discuss Fed actions, primarily interest rate decisions, as they have a significant impact on all financial markets. The term “Feds” refers to the enforcement of US federal law, including agencies such as the FBI (Federal Bureau of
  Read this term controlling inflation

• Reducing inflation creates better conditions for employment
• The economy remains too high
• Every decision is tough and fully debated

CLICK for the full interview with CNN by CLICKING HERE