More from Fed’s Barkin: Some slow down needed to lower inflation

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

• Fed’s Barkin: Lost data due to government shutdown would complicate understanding econ

From the Q&A:

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

And more now:

• Unclear how far Fed will have to take balance sheet wind down
• Surprised economy
  has been so strong despite aggressive fed action
• Fed tightening still
  working its way through economy
• Future job market
  gains depend on lowering inflation
• Some slow down
  needed to lower inflation
• Effort to lower
  inflation will have smaller job market impact this time
• Expects some amount
  of unemployment rise
• Decline in fed
  reverse repo take up isn’t a surprise

Major FX rates are little changed.

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