AP Photo/Ted Shaffrey
- US stocks closed mixed as top Fed officials weighed in on what it will take to rein in inflation.
- Richmond Fed President Thomas Barkin said he supports raising rates in 25 basis-point increments.
- Oil prices fell on demand concerns as markets anticipate more hawkish Fed moves.
US equity benchmarks ended mixed on Friday as Federal Reserve officials continued to sound off on the work still needed in order to tamp down high inflation.
Both the tech-heavy Nasdaq Composite and S&P 500 closed in the red, while the Dow Jones Industrial Average reversed earlier losses to eke out a gain.