High rates will eventually slow economy, inflation (Il Sole 24 Ore Radiocor) - New York, 28 Jun - Richmond Federal Reserve Bank president Thomas Barkin said he believes the Federal Reserve's interest rate hikes will eventually slow the economy and inflation but added policy might not be as tight as widely thought.

"I do believe there are still lags playing out - and that all this tightening will eventually slow the economy further," Barkin said in remarks prepared for delivery.

"It is too soon to tell, but there's one way to find out: Proceed deliberately while keeping a close eye on the real economy. And that's what I am doing.".

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(RADIOCOR) 28-06-24 14:24:47 (0371) 5 NNNN