- Richmond Fed president Barkin: U.S. economy could see an above-trend growth for some time, even beyond 2021 - Reuters
Market news
25 March 2021
Richmond Fed president Barkin: U.S. economy could see an above-trend growth for some time, even beyond 2021 - Reuters
- Won't specify his interest rate outlook for coming years
- Fed is tied to economic outcomes, not the calendar
- Supply disruptions, strong demand mean inflation will rise this year but revert to 2% over time
- Possible Fed could see substantial further progress on its jobs and inflation goals this year, with expected rise in inflation "straightforward" and hope for strong job growth in months ahead
- More focused on inflation expectations than actual rate
- Won't specify the level of inflation he would consider in line with Fed's plan a moderate overshoot of 2%
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