Fed’s Barkin: If the US has a recession, it would likely be less-severe one

This is the only headline so far from his comments. I’ll watch out for more.

I agree it would probably be less severe, in part because the Fed has 500 bps of ammo to fight it.


  • Try not to focus too much on short-term market moves
  • Fed needs to achieve 2% target to ensure its credibility
  • Accounting for implications of work-from-home still has a ways to go
  • Credit card debt is basically on-trend from from before the pandemic
  • Balance sheet normalization is a ‘background’ policy at this point

This article was written by Adam Button at www.forexlive.com. Source