Speech
Why Hike?
Abstract: : The Federal Reserve has a dual mandate from Congress: price stability and maximum employment. The FOMC weighs each as we make our decisions. The risks to inflation outweigh the risks to maximum employment. That’s why we raised rates.
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https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2026/barkin_speech_20260922
Description: Speech
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Provider: Federal Reserve Bank of Richmond
Part of Series: Speech
Publication Date: 2026-09-22