Fed’s Barkin says he sees inflation ‘being stubborn,’ makes case for holding charges ‘higher for longer’

Richmond Federal Reserve Bank President Tom Barkin stated Monday that inflation has come down properly, however some companies are planning to maintain elevating costs — and meaning the Fed ought to maintain charges at comparatively excessive ranges for a very long time.

“I see inflation being stubborn, and that makes the case for me being higher for longer,” Barkin stated in an interview with Fox Business, referring to the extent of rates of interest.

Financial…