Fed's Barkin (2024 voter) says Fed is committed to getting inflation under control and returning it to 2% target and has made clear it will "do what it takes"
- Fed may not get help from global events and supply chains but it has the tools and credibility to deliver that outcome "and we will".
- Expects inflation to come down but "not immediately, not suddenly and not predictably".
- Sees inflation coming down due to flattening demand, supply chain improvements, and easing of commodity pressures.
- Recession fears "a little inconsistent" with monthly jobs growth of nearly 400k and 3.6% unemployment rate.
- Returning to a normal environment "doesn't have to require a calamitous decline in activity".
03 Aug 2022 - 16:45- Fixed Income- Source: Newswires
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