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Fed's Barkin: Let's wait and see on rate cuts

ReutersMar 31, 2025 7:27 PM

- Richmond Federal Reserve Bank President Thomas Barkin on Monday said that the timing of any interest-rate cuts will depend on what happens with inflation, and that while he's nervous tariffs will push up prices, he is also nervous that higher tariffs could hurt the job market.

"Call me nervous on both," Barkin said in an interview with CBNC. "There's a lot of uncertainty right now, and I think that makes the case for wait and see how this plays out."

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