Fed’s Barkin: I’m looking to be convinced that inflation is headed to target

  • Improvement on inflation is still pretty narrow and focused on goods
  • Says he’s open to lowering rates once inflation is on track to 2%
  • Conceivable that banks want to hold more liquidity than they did before the pandemic

This isn’t a surprise. Previously Barkin has talked about ‘toggling’ rates back down to lower levels once inflation was on track.

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