Federal Reserve Barkin: 25 basis points rate cut is irrelevant anyway, the question is when to change the narrative

Barkin said he was confident the Fed would discuss at its July policy meeting whether it was still appropriate to describe inflation as high, and that a 25 basis point cut in interest rates would not matter in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time.