Why the Fed isn't ready to declare victory on inflation

The Federal Reserve's decision to raise interest rates last week may mark the first of several hikes aimed at taming stubborn inflation, with one central bank leader weighing in on where inflation may go from here.Federal Reserve Bank of Richmond President Tom Barkin said in a speech before CFA Society Baltimore on Tuesday that the "risks to inflation outweigh the risks to maximum employment. That's why we raised rates."Barkin, who is a non-voting member of the Federal Open Market Committee (FOM