Richmond Fed President Barkin said “it’s time both on rates and on the balance sheet to normalize where we are”. He added, with “inflation this elevated and the economy still this strong, it just makes perfect sense to do that.”
“When we get to the fall, I think we’re going to have a lot more information on the strength of the economy, we’ll have a lot more information on the pace of inflation. Those are the two things I’m paying the most attention to, and the stronger inflation and the stronger the economy, the more the case to do more, and to the extent that the two are weaker, the better the case is to do less,” he said.
