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:

From the Q&A:

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 Source