Barkin sees more rate hikes ahead, just at a gradual pace. That is not a pivot signal: the front end stays defensive and equity rallies keep fighting a Fed still leaning tighter.

What happened: In a CNBC interview, Barkin said he sees interest rate hikes ahead at a gradual pace, citing concern over inflation and saying monetary policy will need to adjust. Why it matters: The comments signal that a policymaker expects tighter monetary policy in response to inflation concerns.

In a CNBC interview, Barkin said he sees interest rate hikes ahead at a gradual pace, citing concern over inflation and saying monetary policy will need to adjust.

The comments signal that a policymaker expects tighter monetary policy in response to inflation concerns.