Richmond Fed President Tom Barkin: People are still trying to take price on the services side
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Күн бұрынRichmond Fed President Tom Barkin joins 'Squawk on the Street' to discuss how much ability companies have to pass along higher prices, the Fed president's thoughts on the latest CPI report, and more.
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These guys don’t understand that domestic industries cannot tolerate these rates anymore. German manufacturing pmi was in a constant contraction for a record 24 months now. Just because Chinese products are getting cheaper doesn’t mean everything is good.
@harrychu650 2 ай бұрын
Large components of the CPI were double digits rise in Auto Insurance and Tolls which are largely controlled by Govt? Is this who he is saying is taking price? Please have this "expert" explain to us how higher rates will stop the double digit inflation of tolls?
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