Barkin, 2021 Voting Member, speaking
Barkin, voting member of the 2021 FOMC, says:
- September Gardens buying bonds from a cone may soon be justified, was indeed an advance warning the Fed promised
- still have a lot to learn about whether recent inflation levels will be sustained and how much leeway to achieve maximum employment
- As Covid 19 eases, hopefully expect the answers to become clearer as the economy responds to the conditions for rising interest rates
The comments are in line with the Fed minutes and also comments made by Fed officials. The Fed will indeed start typing in November. As for the tightening of conditions, that decision is still near.
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