Fed’s Barkin Sees Only Modest Adjustment Ahead for U.S. Rates

Federal Reserve Bank of Richmond President Thomas Barkin said he expects only a “modest adjustment” in U.S. interest rates, according to remarks made in a Bloomberg Television interview on Tuesday. Barkin did not elaborate on the size or timing of the move, but his comment signals that policymakers may see limited scope for further changes after the series of increases that have taken borrowing costs to their highest level in more than two decades.