Fed’s Barkin: If inflation persists, we can react by raising rates further – by MSalordFX Fed CentralBanks Inflation
a 25 bps interest rate hike is required at each meeting. According to Barkin, there is a lot of money available for spending among households. “The challenge in assessing today’s economy is reconciling the strength of the recent data with the potential for weakness coming from the banking system.”
“It is possible that tightening credit conditions, along with the lagged effect of our rate moves, will bring inflation down relatively quickly. But I still think it could take time for inflation to return to target.” “If inflation persists, we can react by raising rates further. It was only a few weeks ago that some were calling for a 50-basis-point increase. And if I am wrong about the pricing dynamics at play, or about credit conditions, then we can respond appropriately.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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