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BUSINESSBloomberg Markets·22h ago

Fed’s Barkin Warns Inflation Pressures May Take Time to Pass

BUSINESSBEATPOST
AI TLDR · GEMINI

Federal Reserve Bank of Richmond President Tom Barkin warned that inflationary shocks may take time to subside. He noted a risk that elevated price pressures could become entrenched in the economy.

Federal Reserve Bank of Richmond President Tom Barkin warned it could take time for inflationary shocks to wane and there is a risk elevated pressures could become entrenched.

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