Fed's Barkin (2027 voter) says risk lies on the inflation side of the Fed's mandate
ORIGINAL · NewsquawkFed's Barkin (2027 voter) says risk lies on the inflation side of the Fed's mandateRead originalHide original
Direction of monetary policy is “straightforward”, but best to move policy “with care”; hearing reports of broad-based cost pressures. US economy is “remarkably stable”. Resilient demand alongside broad-based cost increases putting upward pressure on prices Firms note they will be trying to pass on higher costs. Businesses are performing well, with “remarkable” earnings. Bankers say loan pipelines are healthy, with demand continuing well beyond AI. Layoffs remain muted. Consumer sentiment is “bleak”, but consumers continue to spend, supported by a resilient job market.
Barkin cited broad-based cost pressures and resilient demand as inflation risks, while describing the US economy as stable and saying monetary policy should move with care.
News detail
Direction of monetary policy is “straightforward”, but best to move policy “with care”; hearing reports of broad-based cost pressures. US economy is “remarkably stable”. Resilient demand alongside broad-based cost increases putting upward pressure on prices Firms note they will be trying to pass on higher costs. Businesses are performing well, with “remarkable” earnings. Bankers say loan pipelines are healthy, with demand continuing well beyond AI. Layoffs remain muted. Consumer sentiment is “bleak”, but consumers continue to spend, supported by a resilient job market.
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