Fed's Barkin: Supportive of rate path that's slower but potentially higher

Central Banks
Adam Button
12/01/2023 | 18:47 GMT
  • Comments from the Richmond Fed President
Fed's Barkin
  • 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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