[Fed's Barkin: Policy Direction Clear, But Adjustment Pace Needs Caution] Golden Finance reports that on November 10th, Federal Reserve Governor Barkin signaled that strong demand and persistently high inflation mean interest rates still need to rise; however, he also cautioned that the pace of rate hikes must be cautious. In his speech, Barkin outlined his views on the economy, noting strong corporate earnings. The unemployment rate has remained at or below 4.5% for a record period, and household consumption remains robust. However, he cautioned about the sustainability of this consumer resilience, pointing out that businesses and households are still widely complaining about rising costs. For policymakers, the policy direction is clear, but the pace of adjustment remains uncertain.