World & BusinessInflation shocks and the risk of entrenched price pressures
Bloomberg reports that Richmond Fed President Tom Barkin warned elevated inflation pressures could become entrenched.
TLDR
Inflationary shocks could take time to wane, Richmond Fed President Tom Barkin warned, according to Bloomberg. He also cautioned that elevated pressures risk becoming entrenched.
Inflation shocks and the risk of entrenched price pressures
Bloomberg reports that Richmond Fed President Tom Barkin warned elevated inflation pressures could become entrenched.
