Federal Reserve Bank of Richmond President Thomas Barkin expressed caution about the accuracy of recent economic data, emphasizing the need for sustained good inflation numbers. Barkin highlighted the Fed's patience with rate changes, stating that the neutral rate may have risen. He mentioned that a rate cut would be considered if the economy deteriorates, and that the Fed is focused on inflation and unemployment. Barkin also noted the importance of more data to build confidence in falling inflation and the possibility of a bumpy path back to 2% inflation. He emphasized the Fed's ability to take time on rate cut decisions and the need for more inflation abatement before considering cuts.
🇺🇸 FED'S BOWMAN: I DON'T SEE CUTS AS APPROPRIATE IN THE IMMEDIATE FUTURE 🇺🇸 FED'S BOWMAN: IT'S TOO SOON TO PROJECT WHEN, HOW MUCH THE FED WILL CUT RATES.
🔴 FED'S BOWMAN: IT'S TOO SOON TO PROJECT WHEN, HOW MUCH THE FED WILL CUT RATES.
❖ FED'S BOWMAN: TOO SOON TO PROJECT WHEN, HOW MUCH FED WILL CUT RATES
🔴 FED'S BOWMAN: MANY RISKS REMAIN FOR FED'S INFLATION FIGHT.
🔴 FED'S LOGAN: WE'RE HIGHLY FOCUSED ON POSSIBLE RISKS TO PROGRESS ON INFLATION; CYBERRISK IS ALSO AN IMPORTANT RISK.
🔴 FED'S LOGAN: WE'RE PAYING ATTENTION TO POTENTIAL RISKS, INCLUDING GEOPOLITICAL ONES THAT COULD STALL INFLATION PROGRESS.
🔴 FED'S LOGAN: THE OUTLOOK IS FOR INFLATION TO BE SUSTAINED NEAR TARGET, LABOR MARKET LOOSENING BUT STILL ROBUST.
🔴 FED'S LOGAN: RIGHT NOW US ECONOMY IS IN A GOOD PLACE.
🔴 FED'S LOGAN: WE NEED TO BUILD CONFIDENCE ON INFLATION.
🔴 FED'S LOGAN: WE HAVE MADE 'TREMENDOUS PROGRESS’ ON INFLATION, MORE WORK TO DO.
🔴 FED'S BOSTIC: INFLATION HAS MADE GOOD PROGRESS BUT STILL A WAYS TO GO.
🔴 FED'S BOSTIC: INFLATION HAS BEEN TOO HIGH FOR TOO LONG, STILL A WAYS TO GO FOR RETURN TO TARGET.
🔴 FED'S BARKIN: DOESN'T BELIEVE MARKET LIQUIDITY IS GROWING SCARCE.
🔴 FED'S BARKIN DECLINES TO SAY WHEN IT WILL BE TIME TO CUT RATES.
Tom Barkin becomes latest Fed official to urge patience on rate cuts https://t.co/zNAn218utf by @Jenniferisms
🔴 FED'S BARKIN: THE RISK OF DEFLATION SEEMS QUITE REMOTE FOR THE US.
Fed's Barkin: 'Comfortable' To Debate Inflation Target Range Once 2% Inflation Is Achieved - Might Be Good To Have 'Modest' Range Around Inflation Target In Future
🔴 FED'S BARKIN: IT MIGHT BE GOOD TO HAVE A MODEST RANGE AROUND INFLATION TARGET IN FUTURE.
🔴 FED'S BARKIN: I'M COMFORTABLE TO DEBATE INFLATION TARGET RANGE ONCE 2% INFLATION IS ACHIEVED.
🔴 FED'S BARKIN: THE JOBS MARKET IS TIGHT, BUT NOT AS TIGHT AS DATA SUGGESTS.
FEDERAL RESERVE'S BARKIN: FED CAN TAKE TIME ON DECISION TO CUT RATES NO ONE WANTS INFLATION TO FLARE UP AGAIN BUSINESS CONTACTS LESS WORRIED ABOUT RECESSION RISKS https://t.co/8NjlYOYuD6
🔴 FED'S BARKIN: IF INFLATION GOES BACK TO 2% AMID STRONG DEMAND, IT WOULD SIGNAL HIGHER NEUTRAL RATE.
Fed's Barkin: No Objections To Reversing Course On Rate Cuts If Needed - Will Learn A Lot About Inflation Over Next 6 Months
🔴 FED'S BARKIN: WE WILL LEARN A LOT ABOUT INFLATION OVER NEXT SIX MONTHS.
🔴 FED'S BARKIN: NO OBJECTION TO REVERSING COURSE ON RATE CUTS IF NEEDED.
❖ BARKIN: NO OBJECTION TO REVERSING COURSE ON RATE CUTS IF NEEDED
🔴 FED'S BARKIN: THE CONFIDENCE TO CUT WILL BE DRIVEN BY MORE INFLATION ABATEMENT.
Fed's Barkin: Would Like To See A Broadening In Forces Lowering Inflation - Would Like To See Rents, Service Prices Cool More
🔴 FED'S BARKIN: I WOULD LIKE TO SEE A BROADENING IN FORCES LOWERING INFLATION.
🔴 FED'S BARKIN: IT'S HARD TO KNOW WHAT TO DO WITH RATES BASED ON ECONOMIC MODELS.
🔴 FED'S BARKIN: IN AGGREGATE, PAST RATE HIKES ARE STILL WORKING THEIR WAY INTO THE ECONOMY.
⚠️ FED'S BARKIN: WANTS MORE CONFIDENCE ON INFLATION BEFORE FAVORING RATE CUTS (Reuters) Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for further assurance that inflation… https://t.co/75ra8t1nql
🔴 FED'S BARKIN: THERE'S AMPLE EVIDENCE THAT AMERICANS CONTINUE TO SPEND.
Fed's Barkin: "I am hopeful but still looking for more conviction that the slowing of inflation is broadening and sustainable." https://t.co/FzkmWYO4QV
Fed’s Barkin: Fed Can Take Time On Decision To Cut Rates - Needs To See More Data To Build Confidence Inflation Is Falling - Upside Inflation Risks Are Still Around - Possible Path Back To 2% Inflation Will Be Bumpy
🔴 FED’S BARKIN: INFLATION HAS SURPRISED TO THE UPSIDE BEFORE.
❖ BARKIN: FED CAN TAKE TIME ON DECISION TO CUT RATES ❖ BARKIN: NO ONE WANTS INFLATION TO FLARE UP AGAIN ❖ BARKIN: INFLATION HAS SURPRISED TO THE UPSIDE BEFORE ❖ BARKIN: POSSIBLE PATH BACK TO 2% INFLATION WILL BE BUMPY ❖ BARKIN: BUSINESS CONTACTS LESS WORRIED ABOUT…
🔴 FED’S BARKIN: UPCOMING INFLATION DATA IS LIKELY TO BE FAVORABLE.
🔴 FED’S BARKIN: RECENT ECONOMIC DATA HAS BEEN REMARKABLE.
🔴 FED’S BARKIN: THE POSSIBLE PATH BACK TO 2% INFLATION WILL BE BUMPY.
🔴 FED’S BARKIN: FIRMS ARE MORE STABLE ON EMPLOYMENT, SEE LESS PRICING POWER.
🔴 FED’S BARKIN: THE FED CAN TAKE TIME ON IT'S DECISION TO CUT RATES.
Smart To Take Our Time Before Cutting, Fed's Barkin Says https://t.co/Yu3epAPCDy
🔴 FED’S BARKIN: I NEED TO SEE MORE DATA TO BUILD CONFIDENCE INFLATION IS FALLING.
🔴 FED’S BARKIN: NO ONE WANTS INFLATION TO FLARE UP AGAIN.
Fed's Barkin says he's cautious about accuracy of recent economic data https://t.co/DhqVIqH5PH https://t.co/QQdRGjyrWf
Richmond Fed President Thomas Barkin reiterated @mckonomy @BloombergTV policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation. https://t.co/Rz9wiIelaw via @economics @ctorresreporter
🔴 US TREASURY SECRETARY YELLEN: THE FED'S PREFERRED INFLATION GAUGE RUNNING AT EXACTLY 2%.
🇺🇸 Barkin also repeated the Fed could be patient in parsing more inflation data before making any change to its benchmark policy rate. https://t.co/yAHEsMFS79
Fed's Barkin: Cautious About Accuracy Of Recent Economic Data - SI https://t.co/PzRyVRF5bo
Richmond Fed President Thomas Barkin reiterated policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation https://t.co/3qkPVYJ6Yo
⚠️ FED'S BARKIN SAYS HE'S CAUTIOUS ABOUT ACCURACY OF RECENT ECONOMIC DATA (Reuters) Recent stronger-than-expected data on the U.S. economy may be partly due to the difficulty of making accurate seasonal adjustments around the beginning of a new year, Richmond Federal Reserve… https://t.co/hHrFSxXm2p
🔴 FED'S BARKIN: THE FED IS FOCUSED ON INFLATION & UNEMPLOYMENT, NOT US DEBT.
🔴 FED'S BARKIN: IF THE ECONOMY TURNS SOUTH, THAT'S A CASE FOR RATE CUT.
🔴 FED'S BARKIN, WHEN ASKED ABOUT POWELL'S COMMENTS LAST WEEK ON A POSSIBLE MARCH RATE CUT: CHAIRMAN POWELL ALWAYS SPEAKS FOR THE COMMITTEE.
🔴 FED'S BARKIN: I WON'T PREJUDGE THE OUTCOME OF THE MARCH FOMC MEETING.
🔴 FED'S BARKIN: I NEED TO SEE GOOD INFLATION NUMBERS BEING SUSTAINED AND BROADENING.
🔴 FED'S BARKIN: IT'S CERTAINLY POSSIBLE THAT THE NEUTRAL RATE HAS RISEN.
❖ BARKIN: WE HAVE GOT TIME TO BE PATIENT ON RATE CHANGES
*BARKIN: DON'T HAVE TO BE IN ANY HURRY TO CUT RATES https://t.co/vFGVo5GZ99
🔴 FED'S BARKIN: WE HAVE GOT TIME TO BE PATIENT WITH RATE CHANGES.
Fed’s Barkin: Economic Data Has Been Remarkable Across The Board - BBG TV - That Said, I Am Cautious About Accuracy Of Numbers At The Turn Of The Year - I Won't Take Too Much Signal From Any One Month At The Moment - We Have Got Time To Be Patient On Rate Changes
🔴 FED'S BARKIN: WE DON'T HAVE TO BE IN ANY HURRY TO CUT RATES.
❖ BARKIN: DON'T HAVE TO BE IN ANY HURRY TO CUT RATES
🔴 FED'S BARKIN: I WON'T TAKE TOO MUCH SIGNAL FROM ANY ONE MONTH AT THE MOMENT.
❖ BARKIN: ECONOMIC DATA HAS BEEN REMARKABLE ACROSS THE BOARD ❖ BARKIN: THAT SAID, I AM CAUTIOUS ABOUT ACCURACY OF NUMBERS AT THE TURN OF THE YEAR ❖ BARKIN: I WON'T TAKE TOO MUCH SIGNAL FROM ANY ONE MONTH AT THE MOMENT
🔴 FED'S BARKIN: THAT SAID, I'M CAUTIOUS ABOUT THE ACCURACY OF NUMBERS AT THE TURN OF THE YEAR.
🔴 FED''S BARKIN: ECONOMIC DATA HAS BEEN REMARKABLE ACROSS THE BOARD.
🔴 FED'S BARKIN: I DON'T THINK MASSIVE DAMAGE IS NEEDED TO GET 2% INFLATION.
🔴 FED'S BARKIN: I AM WORRIED IF THE BREADTH OF INFLATION WILL COME DOWN.
🇺🇸 FED'S BARKIN: I AM IN NO PARTICULAR HURRY ON POLICY RATE https://t.co/Rg1N5C4RX4
🔴 FED'S BARKIN: STILL A REASONABLE AMOUNT OF UNCERTAINTY IN WHAT WE ARE SEEING ON INFLATION.
Fed’s Barkin: ‘It Makes Sense to be Patient’ on Rate Cuts https://t.co/zlIyD2VsUG
🔴 FED'S BARKIN: I AM VERY SUPPORTIVE OF BEING PATIENT TO GET TO WHERE WE NEED TO GET ON INFLATION.
🔴 FED'S BARKIN: WE HAVE TO SEE IF STILL MORE INFLATIONARY PRESSURE TO COME.
🔴 FED'S BARKIN: SERVICES AND RENT INFLATION HAVE REMAINED MORE ELEVATED.
🔴 FED'S BARKIN: INFLATION IS DOWN WHILE DEMAND IS STILL HEALTHY.
🔴 FED'S BARKIN: RECENT DATA LIKE GDP HAS BEEN REMARKABLE.
Fed’s Barkin tells MarketWatch it makes sense to be ‘patient’ on rate cuts https://t.co/bMDqlf7V8X
Fed’s Barkin says it makes sense to be ‘patient’ on rate cuts https://t.co/vZ0aYe7cyV
🔴 FED'S COLLINS: THERE IS A RISK THAT INFLATION PROGRESS STALLS.