- 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 tháng 7 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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