May 06, 2024 16:51 GMT
Barkin Says Recent Data Confirm Value of Deliberate Fed
FED
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- Fed's Barkin said he expects high interest rates to slow the economy further and cool inflation to target. (Bloomberg)
- Barkin (voter) said Monday the strength of the labor market offers the Fed time to gain confidence that inflation is moving sustainably lower before lowering borrowing costs.
- However, he added there’s a risk continued housing and services inflation will keep price gains elevated — as seen this year.
- *BARKIN: RECENT DATA HAVE CONFIRMED VALUE OF A DELIBERATE FED (BBG)
- *BARKIN: DON'T SEE ECONOMY OVERHEATING, FED CAN ACT IF IT DOES (BBG)
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