Fed’s Barkin ‘open’ to possibility of inflation declining ‘in short order’

Filed by Deacon Rift

Federal Reserve Bank of Richmond President Thomas Barkin said Tuesday that inflation could decline “in short order,” but he acknowledged prices could remain elevated amid the Iran war.  “I’m open to the possibility that inflation could come back down in short order,” Barkin told the CFA Society’s Baltimore branch.  Barkin noted recent “shocks” to the…