Fed's Barkin: Low confidence in any inflation forecast right now - BBG Television

WASHINGTON, Sept 26 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin said he had very low confidence in inflation forecasts right now as tariffs continue to impact the economy and businesses and households wrestle over who will bear the cost of new import taxes.

"There are cost increases suppliers want to pass on. There's no question about that," Barkin said on Bloomberg Television. "But those costs are going to attempted to be passed on to a consumer who is frankly exhausted with price increases...That may mean that you won't see as much broad based inflationary impact."