Fed's Barkin: Further economic slowing 'is almost surely on the horizon'

  • Barkin speaks on "Recession Revisited" in Montgomery
Fed's Barkin
  • Inflation remains too high
  • Fed's objective isn't to cause a recession but to reduce inflation
  • Consumer spending, while weaker, is 'far from weak'
  • Efforts to address inflation have pushed several industries into 'mini-recessions'

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