Reply To: Fed’s Powell at Jackson Hole; Inflation: Progress and the Path Ahead, the Market Response

#42744
TradersCom
Keymaster

Following up from Jackson Hole:

Fed’s Barkin is speaking in front of a Chamber of Commerce crowd in West Virginia.

– Barkin is not a voting member until 2024. He is the president of the Richmond Fed

I don’t expect inflation to come down predictably
Seeing some slowing in interest rate sectors
US faces were like inflation
The Fed’s responsibility is to reduce inflation
Fed is committed to bring inflation back down to its to percent target
we are not today in a recession
recession is a risk of the Fed in getting the inflation rate back down to 2%
interest rates will need to be restrictive