The recent rise in long-term interest rates reflects higher risk premiums as opposed to concerns about inflation, Federal Reserve Bank of Richmond President Thomas Barkin said.

Consider Tom Barkin, president of the Federal Reserve Bank of Richmond. The bank's district covers most of West Virginia, and all of Maryland, the District of Columbia, Virginia, North Carolina and South Carolina.

Federal Reserve Bank of Richmond President Tom Barkin judged that interest rates remain sufficiently restrictive to further lower inflation in 2025, he said on Friday. “Inflation is not yet back to target,

The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday.

Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central bank official to offer a cautious view as 2025 begins.