“The US central bank must raise interest rates to a level that contains economic activity and maintain them until political leaders are convinced that galloping inflation is subsidingsaid the president of the Richmond Fed, Thomas Barkinin an interview with the Financial Times (FT).
Featured Statements
You have to get to a level where inflation expectations are reduced for the economy to tighten enough to bring inflation down.
The destination is real rates in positive territory and my intention would be to keep them there until we are really convinced that we have put an end to inflation.
Usually, I am in favor of going faster than slowerAs long as something doesn’t break along the way.
The economy continues to advance (and) its momentum has not stopped.
The labor market remains “very tight.”
What you do is go up and evaluate, and go up and evaluate.
The word recession does not have to mean a dire decline in activity.
The word recession can mean a rebalancing to bring the economy back to normal.
Source: Fx Street
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