Richmond Fed President Barkin: We would be ready to start tapering as soon as substantial further progress on employment has been met

Market news

29 June 2021

Richmond Fed President Barkin: We would be ready to start tapering as soon as substantial further progress on employment has been met

Inflation and GDP growth will peak in Q2
Like lumber, prices will come back
One thing that looks less temporary is the rise in rents
What the environment looks like in 2022 matters a lot
It's possible that people's wage aspirations have increased and that could be holding workers back
I'm a big believer of optionality in regards to tapering
I have a preference for the least drama way of tapering
Expects big jobs gains in August and September
Says he feels bad for Fed's Chair Powell because he has to defend the dots, something they didn't even discuss at the latest meeting

U.S.: Consumer confidence , June 127.3 (forecast 119)

U.S. home price growth accelerates more than anticipated in April - S&P Dow Jones Indices

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