In an interview with The Wall Street Journal, Richmond Federal Reserve Chairman Thomas Barkin, said they see the light of day on the horizon regarding the US economy, Reuters reported.
“The US economy will continue to recover from the coronavirus pandemic this year,” Barkin said. He said he expects inflation to rise but not to problematic levels.
With respect to Treasury bond yields, The official said he would be disappointed if he did not see bond yields rise as the economic outlook improves.
Barkin was confident that the Federal Reserve will hit the inflation target sustainably up to 2% in the long term.
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