Richmond Fed Thomas Barkin spoke at the Economic Club of New York on Thursday:
In aggregate, previous rate walkings are still working their method into the economy.
It’s difficult to figure out the proper strategy for rates based entirely on financial designs.
I want to see a more comprehensive series of elements adding to lower inflation.
Particularly, I wish to see leas and service rates cooling off even more.
The choice to cut rates will depend upon the degree to which inflation is being reduced.
We will acquire important insights into inflation patterns over the next 6 months.
If inflation go back to 2% along with strong need, it would show a greater neutral rate.
The January tasks information shows an exceptionally lively task market. While the task market is tight, it might not be as tight as the information recommends.”
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