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Fed's Barkin Says 'Last Mile' Of Inflation May Still Take Longer Than Expected, Worried Price Pressures Could Get 'Stuck' Next Year; Sees Two Further Quarter-Percentage-Point Cuts This Year As 'A Reasonable Path' If Economy Evolves As Expected;...

Benzinga ·  03:16

Fed's Barkin Says 'Last Mile' Of Inflation May Still Take Longer Than Expected, Worried Price Pressures Could Get 'Stuck' Next Year; Sees Two Further Quarter-Percentage-Point Cuts This Year As 'A Reasonable Path' If Economy Evolves As Expected; Expects Unemployment, Inflation To Stay Roughly Stable For Rest Of This Year; Sees Renewed Tight Labor And Demand Spurred By Fed Rate Cuts As Possibly Keeping Inflation Lodged

- Reuters

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