Fed’s Barkin: FOMC has time to see data before deciding what’s ahead 4 rates, watching CPI

Federal Reserve Bank of Richmond President Thomas Barkin spoke earlier on “The New Job Hierarchy” before the Money Marketeers of New York University:

More from Barkin, Q&A now:

  • Fed holding steady at the September FOMC meeting was appropriate
  • Fed has time to see
    data before deciding what’s next for rates
  • The path forward depends
    on what happens with inflation
  • Will be watching the job
    market closely for clues
  • Cautions against reading too much into Federal Reserve forecasts
  • Says the job market has remained very healthy
  • Is not sure how the economy will perform over coming months
  • There is still a lot of uncertainty how the Fed’s balance sheet influences the economy

This article was written by Eamonn Sheridan at www.forexlive.com. Source