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Odd Lots
Richmond Fed President Tom Barkin On Getting Inflation Under Control
Apr 19, 2024
Richmond Fed President Tom Barkin discusses the current inflation trends in the US economy, questioning if it is a temporary challenge or a new trajectory. He explains his views on policy restrictions and lack of evidence for overheating demand, suggesting a lingering inflation above 2% for longer than expected.
17:47
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Quick takeaways
- Inflation has exceeded 3%, posing a challenge to the Fed's 2% target.
- Monetary policy restrictiveness impacts sectors like housing demand and supply growth.
Deep dives
Tom Barkin's Insights on Inflation Trends and Policy Implications
Tom Barkin discussed the current macro trends in the economy, highlighting robust demand and stubbornly high inflation rates. Despite the strong economy, inflation has remained above 3%, indicating challenges in moderating it back to the target 2%. He emphasized the need to assess various factors like goods price reductions and services inflation to achieve a balanced inflation rate.
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Discover
highlights
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