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Fed's Barkin: There's going to be a lot more persistence to inflation than we want
- Businesses now see pricing as a lever
- There's going to be a lot more inertia and persistence in inflation than we want
- It will take awhile for us to get inflation back to target
- May or may not take rates higher if inflation persists, will react to data
- If inflation settles, we might not go as far on the rate peak, it all depends on the data
Barkin is a measured speaker and this is starting to sound like a more-hawkish pivot.
... Read More Posted: Feb 14 2023, 14:33
Author Name: forexlive
Views: 110510