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Thomas Barkin, President of the Richmond Federal Reserve Bank, expressed concerns about inflation, stating that a slowdown is needed to lower inflation. He mentioned that the full effects of rate hikes are not yet seen and it remains unclear if more tightening is necessary. Barkin believes that inflation will take longer to settle than some optimists expect and that the Fed needs to see what path inflation takes. He also noted that the job isn't done as inflation remains too high and that a return to elevated inflation would require a reevaluation of further actions. Barkin expressed his uncertainty about the current level of interest rates and the need for more measures to curb demand and inflation. He hopes to eventually bring interest rates back to normal and indicated that continued strong growth could warrant higher rates.
π΄ FED'S BARKIN: CONTINUED STRONG GROWTH COULD WARRANT HIGHER RATES.
π΄ FED'S BARKIN: I HOPE TO EVENTUALLY BRING INTEREST RATES BACK TO NORMAL.
π΄ FED'S BARKIN: WE'RE NOT IN A RECESSION RIGHT NOW.
BARKIN NOTES FED 'MAKING REAL PROGRESS' ON INFLATION
π΄ FED'S BARKIN: THE IMPACT FROM HIGHER RATES MAY BE LAGGED.
π΄ FED'S BARKIN: I FEAR MORE NEEDS TO HAPPEN TO CURB DEMAND AND INFLATION.
π΄ FED'S BARKIN: I AM NOT CONVINCED INFLATION ON SMOOTH GLIDE PATH TO 2%.
π΄ FED'S BARKIN: THERE ARE RISKS FROM OVER AND UNDER-CORRECTING ON INFLATION.
π΄ FED'S BARKIN: THE FED IS MAKING REAL PROGRESS ON INFLATION.
πΈ BARKIN NOTES FED 'MAKING REAL PROGRESS' ON INFLATION
π΄ FED'S DALY: A STRONG ECONOMY & SIDEWAYS INFLATION COULD WARRANT ANOTHER HIKE.
π΄ FED'S DALY: IT IS TOO SOON TO DECLARE VICTORY OVER INFLATION.
π΄ FED'S DALY: NEWS ON INFLATION HAS BEEN GOOD.
Fed's Barkin Not Yet Convinced Inflation On Path To 2% https://t.co/wsqpccEGnt
π΄ FED'S BARKIN: INFLATION WILL BE MORE STUBBORN THAN RECENT DATA SUGGEST.
π΄ FED'S BARKIN: I DON'T KNOW IF WE ARE AT THE RIGHT LEVEL ON RATES.
π΄ FED'S PAESE: THE PATH BACK TO 2% INFLATION WILL BE BUMPY.
π΄ FED'S BARKIN: I ALSO BELIEVE INFLATION WILL TAKE LONGER TO SETTLE THAN SOME OPTIMISTS.
π΄ FED'S BARKIN: I THINK PRESSURE ON SERVICES INFLATION IS CONTINUING.
π΄ FED'S BARKIN: A RETURN TO ELEVATED INFLATION WOULD MEAN WE NEED TO LOOK HARD IF WE NEED TO DO MORE.
BARKIN: U.S. ECONOMY 'REMARKABLY HEALTHY' BARKIN: NOT YET CONVINCED INFLATION ON A SMOOTH GLIDE PATH TO 2%
β οΈ FED'S BARKIN: 'REMAINS TO BE SEEN' IF MORE TIGHTENING IS NEEDED Full Story β https://t.co/S8ElJHGg6M Richmond Federal Reserve Bank President Thomas Barkin on Thursday said that while there's been "real progress" on inflation, it is yet unclear if the U.S. central bank willβ¦ https://t.co/ixNsvugqAq https://t.co/njd1O91D84
πΊπΈ FED'S BARKIN: I AM NOT YET CONVINCED INFLATION ON A SMOOTH GLIDE PATH TO 2%.
π΄ FED'S BARKIN: THE JOB ISN'T DONE, INFLATION REMAINS TOO HIGH.
π΄ FED'S BARKIN: I AM NOT YET CONVINCED INFLATION ON A SMOOTH GLIDE PATH TO 2%.
π΄ FED'S BARKIN: WE WILL NEED ECONOMIC SLOWING TO BEAT INFLATION.
π΄ FED'S BARKIN: WE HAVE TIME TO SEE WHAT PATH INFLATION TAKES, WITH RATES NOW RESTRICTIVE AND FINANCIAL CONDITIONS TIGHTENED.
π΄ FED'S BARKIN: WE ARE STILL NOT SEEING FULL EFFECTS OF RATE HIKES.
π΄ FED'S BARKIN: I BELIEVE A SLOWDOWN IS COMING, WHICH IS NEEDED TO LOWER INFLATION.