Richmond Fed’s Signs Key Inflation Pressures Begin to Ease – Bloomberg

Richmond Federal Reserve Bank President Barkin said on Monday that while inflation remains widespread and persistent, there are signs that key inflation pressures are starting to ease as the pace of U.S. policy rate hikes increases.

Birkin speaks at a Hispanic business conference in Tysons Corner, Virginia. He cited lower commodity prices, weaker economies in Europe and China, and easing clogs in supply chains, explaining his view that inflation will fall on the back of tightening U.S. monetary policy.

“We know we are serious,” he said. “Our priority is to keep inflation under control.”

Original title:Fed’s Barkin Says Inflation Is Broad But Top Pressures Easing(excerpt)