RBA’s Bullock: Inflation Momentum Is High

Bullock Says RBA Seeks to Curb Inflation Without Harming Jobs Breaking | Rising Inflation Raises Concerns of Long-Term Economic Impact BULLOCK SAYS RBA DOES NOT PLAN A SPECIFIC RATE TRAJECTORY ... RBA Gov Bullock: Economy Performing Well Despite Supply Limitations

BARKIN: FED IS FACING A DIFFERENT QUESTION NOW, WITH INFLATION ABOVE TARGET, THAN THE GREENSPAN-LED FED DID IN THE 1990S FED'S BARKIN SAYS HE IS VERY FRIENDLY TO THE NOTION THAT INFLATION MIGHT COME DOWN, BUT LOOKING TO SEE IT FED'S BARKIN SAYS HE IS CONCERNED ABOUT RISKS TO EMPLOYMENT AND INFLATION - FED'S POLICY RATE IS NOW AT HIGHER END OF ESTIMATES OF NEUTRAL - HE HEARS OVERWHELMINGLY FROM COMPANIES THAT DEMAND IS FINE, NOT 'FROTHY' FED'S BARKIN: PRODUCTIVITY IS COMING NOT JUST FROM ARTIFICIAL INTELLIGENCE, BUT FROM COMPANIES WANTING TO LIMIT HIRING, ADAPTING TO PAST LABOR SHORTAGES - HE DOES NOT KNOW WARSH WELL, BUT THAT FED CHAIR NOMINEE SEEMS CAPABLE AND CHARISMATIC Fed's Barkin: I will do the job Congress set for me, and I trust that is what the new Fed chair will do as well.

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