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‘There’s still a lot of time’ before a September rate decision needs to be made By Reuters


© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir / File Photo

OCEAN CITY, Md. (Reuters) – Federal Reserve officials have “a lot of time” before they need to decide on which rate hikes to apply at their upcoming September 20-21 policy meeting, the bank’s president said. Richmond Federal Reserve Thomas Barkin said on Friday.

With an unusually long eight-week gap between meetings, the Fed still has “another bite” on data including employment, inflation and other reports that will determine whether the central bank chooses a half-point hike. three quarters in a row. wander.

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