TechFlow, April 1 - According to Jinshi Data, Thomas Barkin, President of the Federal Reserve Bank of Richmond, said on April 1 that there are currently no signs of stagflation similar to that seen in the 1970s, when runaway inflation expectations were a key feature. Concerns remain regarding inflation and employment conditions, so there is no rush to cut interest rates. He noted that clearer information is needed to assess the impact of tariffs, and rate cuts would only be considered once there is greater confidence in the inflation outlook. Additionally, he stated that the pace of balance sheet reduction may be slower and last longer.
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