Fed's Barkin Wary of Premature Rate Cut Talks Despite Easing Inflation
• Barkin skeptical inflation on track to meet 2% target, wants more evidence before convinced • Says talk of rate cuts "premature", inflation likely to be more stubborn than hoped • Notes businesses will likely keep trying to raise prices until they lose pricing power • As 2023 voter, not willing to rule out further rate hikes at this point • Comments come as other Fed presidents suggest inflation easing, rate cut possible before June