Fed Rate Cut: Fed’s Barkin Signals Support for Rate Pause Amid Inflation Concerns

In his latest remarks, Richmond Fed President Tom Barkin said his focus is on inflation, signaling he is not opposed to further Fed rate cuts until inflation is at the central bank’s 2% target. His comment comes as crypto market participants speculate on how many cuts the FOMC will make this year, especially with the nomination of Kevin Warsh as Jerome Powell’s successor as Fed Chair.