Fed's Barkin: I like the optionality implied in the statement

  • Comments from the Fed's Barkin

Yesterday, Barkin said he's not yet convinced inflation is on a steady path downward.

  • Most people I talk to anticipate a downturn in the coming months
  • Deposit flows are stable at the banks in my district
  • Businesses are reluctant to let staff go

More to come.

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