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Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done”
Fed’s Barkin: Inflation Data This Year “Disapppointing...Job is Not Yet Done”
— DB News TradFi (@DBNewswire) May 6, 2024
Barkin: Confident That Current Restrictive Level of Rates Can Curb Demand Enough to Bring Inflation to Target
Barkin: Data “Whiplash” Confirms Value of Fed Being Deliberate
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FED'S BARKIN: I DON'T SEE THE ECONOMY OVERHEATING, BUT THE FED KNOWS HOW TO RESPOND IF IT DOES.
— FinancialJuice (@financialjuice) May 6, 2024
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Barkin: Navigating Data Whiplash
Thank you for that kind introduction and for having me here today. I thought I would speak about the economy and where it may be headed, and then I look forward to your questions and input. I caution you these are my thoughts alone and not necessarily those of anyone else on the Federal Open Market Committee or in the Federal Reserve System. Contrary to most forecasts, including my own, the economy finished 2023 in a good place. Headline inflation, as measured by the personal consumption expenditures (PCE) price index, dropped all the way to 2.6 percent by year-end. For the final seven months of the year, annualized ... (full story)