Fed’s Barkin: Inflation will hit 2% with appropriate time and policy

Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires late Friday reaffirming a “patient” approach from the Fed will eventually reduce inflation to the US central bank’s desired target level.

Key highlights

The current economy calls for a deliberate and patient approach.

With appropriate policy and time, inflation will hit 2%.

Demand is solid, and not overheating.

I am looking for inflation progress to sustain and broaden.