Fed's Barkin: No signs of stagflation, no rush to cut interest rates

Thomas Barkin, president of the Richmond Federal Reserve, said on April 1 that there are no signs of stagflation similar to the 1970s, when the key feature was runaway inflation expectations. There are still concerns about inflation and employment, and there is no rush to cut interest rates in terms of policy. He pointed out that it is necessary to wait for clearer information to assess the impact of tariffs, and only when there is greater confidence in the inflation situation will interest rate cuts be considered. In addition, he also said that the pace of balance sheet reduction may be slower and last longer.