President of the Federal Reserve Bank of Richmond Thomas Barkin expressed his belief that inflation will reach the bank's target of 2% through the implementation of an "appropriate policy and time."
"The current economy calls for a deliberate and patient approach," the policymaker added during an interview with TWISC's Gavin Jackson on Friday.
"The rate of price increases has come down significantly," Barkin said while acknowledging that while demand in the United States remains "solid," it is not at a level that would lead to "overheating."
