Wed, Dec 07, 2022 @ 00:18 GMT
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Fed Barkin: Near term inflation pressure to ease into Q4

Richmond Fed President Thomas Barkin said yesterday that “we are in the middle of a temporary adjustment cycle during which workers will return to the workplace and schools open and fiscal payments expire and suppliers catch up with demand.” Near-term inflation pressure is expected to “ease as we go into the fourth quarter,”

“I think the last 30 years of relative price stability has got to outweigh a few months of pressure, but one can never be too careful,” Barkin added. “That is why the Fed has started the process of discussing normalization” of its policy stance.”

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