Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does not see a need for it now.
“Do I think there’s a screaming need to do it right now?” Barkin said at a virtual meeting at the Stanford Institute for Economic Policy Research, after several questions pressing him about the possibility. “I'd have to be convinced on that.”
