Barkin seeks evidence demand is coming down

“I believe you need to bring inflation down by bringing demand down,” Barkin said. — Bloomberg

NEW YORK: Federal Reserve (Fed) of Richmond president Thomas Barkin says he is looking for signs that demand is cooling to be convinced that US inflation will ease.

“I believe you need to bring inflation down by bringing demand down,” Barkin said during a virtual event hosted by the National Association for Business Economics.