Richmond Federal Reserve President Barkin expressed support for increasing interest rates at a gradual pace on Thursday, but did not release a signal about how high interest rates will eventually need to rise. “If you think the world is uncertain right now, and you think you'll get new information during this time, then it makes sense to go step by step,” Barkin said at a conference in Charlotte, North Carolina. “I think this is still a reasonable step for me.” Barkin said, “Inflation is still the biggest risk facing the Federal Reserve, but he hopes that the Fed's decision to raise interest rates in September and “any other action we may choose to take in the future will have a certain impact,” to ease the high price pressure Barkin also said that interest rate hikes will not immediately affect oil prices, but over time, it can affect oil prices by cooling demand. Barkin said, “I don't think the primary factor limiting or reducing AI investment will be interest rates, and there is a large amount of cash on investors' balance sheets. We're undergoing a transformation that could be historic, and people want to be a part of it”

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