Comments from Richmond Fed’s Barkin cross the wires:The US central bank raised rates last week because risks to inflation outweigh risks to maximum employment.Last week’s rate hike will help restore price stability; we’ll see if more hikes are needed.Economic conditions are, if anything, firming.“Passing” shocks like tariffs and energy are not fading; there is a risk that high inflation today will impact future inflation.Analysis: Barkin’s message is hawkish. He sees enough strength in the economy to keep the focus on inflation, while leaving the door open to another hike. For traders, the question is whether inflation begins to stabilize after last week’s move. His comments do not commit the Fed to a further increase. This article was written by Greg Michalowski at investinglive.com.