We’re Not ‘Compellingly Headed’ to Cracking Inflation, ‘Trying to Find Some Comfort’ We Can Get Median to Target
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” Richmond Federal Reserve Bank President and CEO Tom Birkin said he had seen no evidence that inflation had fallen, suggesting inflation is on the right track. On the one hand, he said, “It’s difficult.” Arguing that we are headed for lower inflation persuasively, he offers “the […]
