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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
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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