Fed's Barkin: Supportive of rate path that's slower but potentially higher
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Comments from the Richmond Fed President
- Forward looking real rates now positive across the curve, favor moving deliberately
- Controlling high inflation also supports the employment side of the mandate
- Going to continue to see wage pressures through Q1, though I have the impression the labor market is easing
- Inflation is likely going to prove more resilient than a simple drop to 2%
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