- Richmond Fed president Barkin hopes U.S. job market will reach “relatively soon” the threshold Fed has laid out as trigger point for pulling back on asset buying - WSJ
Market news
12 July 2021
Richmond Fed president Barkin hopes U.S. job market will reach “relatively soon” the threshold Fed has laid out as trigger point for pulling back on asset buying - WSJ
- Says he is not ready to call for end to Fed's bond-buying stimulus given where labor market stands today
- If labor market can clear relatively quickly, then maybe it can happen sooner, but if it takes longer for labor market to reopen, it goes little later
- Says that employment-to-population ratio is important to him in determining when Fed can dial back on stimulus; says he would like to see something just north of 59% before he believes it would be time to start reducing bond buying
- Says inflation could cool more than expected once economic reopening process is complete
- Once supply-chain-driven surge in inflation is through, there will be a reversion
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