Two Federal Reserve regional bank presidents offered diverging views on the path of US inflation on Wednesday. While Atlanta Fed President Raphael Bostic said heís growing increasingly confident that inflation is firmly on a downward path, Richmond Fed chief Thomas Barkin isnít yet convinced. In an interview on CNBC, Barkin argued the central bank should ...
tweet: FED'S MESTER: MONETARY POLICY HAS TIGHTENED FINANCIAL CONDITIONS. tweet: FED'S MESTER: IT WILL TAKE TIME TO GET INFLATION TO 2% BUT THE CENTRAL BANK WILL DO IT. tweet: FED'S MESTER: MORE REGULATION SHOULD FOCUS ON THE MARKET VALUE OF BANK BALANCE SHEETS. tweet: FED'S MESTER: BANK STRESS HAS REDUCED, BUT UNDERLYING ISSUES ARE STILL THERE.