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post: FED'S BARKIN: I HEAR STRONGLY FROM BUSINESS CONTACTS THAT THE LABOR MARKET IS NORMALIZING, THOUGH SOME SECTORS THAT FELL BEHIND IN HIRING DURING THE PANDEMIC ARE STILL CATCHING UP. post: FED'S BARKIN: THE METRICS OF WHERE NEUTRAL RATE IS HAVE MOVED UP; BUT FEELS LIKE CURRENT POLICY IS RESTRICTIVE. post: FED'S BARKIN: IT STILL FEELS LIKE THE WEIGHT OF RISKS IS TOWARDS INFLATION. post: FED'S BARKIN: IT TAKES A WHILE TO CORRAL PRICE-SETTERS TO THINK "THEY DON'T HAVE A CHANCE". post: FED'S BARKIN: I TEND TO IMAGINE FED WILL NEED TO TAKE SOME EDGE OFF DEMAND TO FINISH INFLATION FIGHT, THOUGH SOME HELP FROM SUPPLY IS STILL POSSIBLE.
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Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target. Barkin, who votes on monetary policy this year, said Monday the strength of the labor market offers the Fed time to gain confidence that inflation is moving sustainably lower before ...
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