Fed's Barkin: case for raising interest rates was pretty clear - CNN

Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he did not have second thoughts about the U.S. central bank's decision last week to raise its benchmark interest rate by 25 basis points.

"Inflation is high. Demand hadn't seemed to come down. And so, the case for raising was pretty clear," Barkin said in an interview with CNN published on their website, as he downplayed concerns about stresses in the banking sector.