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Fed's Barkin backs tapering plans and expresses concern about inflation
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cnbc.comRichmond Federal Reserve President Thomas Barkin said Friday he's on board with reducing the amount of economic help the central bank is providing as concerns grow about inflation.
With the Fed indicating that it's likely to start pulling back on its monthly bond purchases, Barkin said that seems reasonable, and he's leaning toward beginning the process in November. Minutes from the September Fed meeting indicated that officials want to start tapering either next month or in December.
«If we do decide to taper at the next meeting, we're going to have a discussion on which of those two dates, I'm sure, and my instinct would be if you're going to decide it, go ahead and move,» he told CNBC's Steve Liesman during a live "Squawk Box" interview.
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