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Fed's Barkin: inflation progress won't be predictable, Fed to "persist" with tighter policy and not "declare victory prematurely"
FED'S BARKIN: SAYS INFLATION PROGRESS WON'T BE PREDICTABLE, FED TO "PERSIST" WITH TIGHER POLICY AND NOT "DECLARE VICTORY PREMATURELY"
— *seven (@sevenloI) September 30, 2022
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*FED'S BARKIN CITES SUPPLY IMPROVEMENTS AND EASIER HIRING: THE VIEW AMONG EXECUTIVES IS THAT PRICING POWER IS ONLY TEMPORARY AS EVIDENCE THAT INFLATION PROGRESS IS ON THE WAY.
— Breaking Market News (@financialjuice) September 30, 2022
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FED'S BARKIN: COMFORTABLE WITH PACE OF RATE HIKES, A "GOOD NEWS" STORY IF FED DOES A BIT TOO MUCH AND INFLATION COMES DOWN
— *seven (@sevenloI) September 30, 2022
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Barkin: What’s Driving Inflation?
Thanks for having me. Today, I want to talk about the economy, but I also want to take a step back and reflect on how we got here and where we might be headed. These views are mine alone and not necessarily those of anyone else in the Federal Reserve System. The U.S. Economy Today: I think you all know where the economy is today. We’ve seen a historically strong recovery from the short but deep 2020 recession. GDP surpassed its pre-pandemic level in the first quarter of 2021. Employment did so in August of this year, and the unemployment rate has basically come back to its low pre-COVID levels. While there is a lot ... (full story)