Fed Reserve’s Barkin hints at normalizing rates amid credit pullback

Federal Reserve Bank of Richmond President Thomas Barkin remarks being reported. He is sounding vague on moves lower for Fed Funds rates:

  • hope to eventually bring interest rates back to normal
  • a lot of frenzy has been taken out of the housing market
  • seeing banks pull back credit, a not-unexpected outcome

USD barely changed on these remarks.

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