Barkin said he understands that the fight against inflation has been long, but that “it is critical that we remain steadfast.”

High CD interest rates may remain high now that inflation's ticking up again. Here's what savers should consider.

Richmond Fed president Tom Barkin said Tuesday that he wants to keep interest rates 'modestly restrictive' until he gains more confidence inflation is returning to the central bank’s 2% goal, warning about lessons learned from the 1970s.