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  • Richmond Fed President Barkin: We would be ready to start tapering as soon as substantial further progress on employment has been met
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29.06.2021, 13:54

Richmond Fed President Barkin: We would be ready to start tapering as soon as substantial further progress on employment has been met

  • Inflation and GDP growth will peak in Q2
  • Like lumber, prices will come back
  • One thing that looks less temporary is the rise in rents
  • What the environment looks like in 2022 matters a lot
  • It's possible that people's wage aspirations have increased and that could be holding workers back
  • I'm a big believer of optionality in regards to tapering
  • I have a preference for the least drama way of tapering
  • Expects big jobs gains in August and September
  • Says he feels bad for Fed's Chair Powell because he has to defend the dots, something they didn't even discuss at the latest meeting

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