Richmond Fed President Tom Barkin said he expects the Federal Reserve will need to raise interest rates further in the future, though the exact magnitude and pace remain uncertain. In an interview with CNBC, he noted that with the unemployment rate near historical lows and inflation still too high, policy adjustments are needed, and a gradual policy path remains sensible in the face of global uncertainty. Current monetary policy is close to the neutral level, while inflation remains the most significant risk currently faced.