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Fed's Barkin: Effects of Fed tightening have been substantial
- Inflation is likely past its peak but still elevated
- It will take longer for pullback in demand to further slow the pace of price increases
- Data continues to push back recession risk
- Makes sense for Fed to steer 'more deliberately' from here due to lagged effects of policy
- While average inflation has peaked, the decline has been distorted by a few goods; median has stayed high
- COnfident that the FEd has its 'foot...unequivocally on the brake' <... Read More
Posted: Feb 9 2023, 13:45
Author Name: forexlive
Views: 110147