Fed's Barkin: Inflation has gone up faster than he expected due to the virus, vaccines and fiscal support
|Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday that inflation has gone up faster than he expected due to the virus, vaccines and fiscal support.
Additional Comments:
"He is as comfortable with the Fed's new average inflation targeting framework as he was 18 months ago."
"Forward guidance may not be as easy to understand as when the central bank was approaching inflation from below 2% target."
"Long term inflation expectations are always a concern."
"Important to have long-run inflation expectations stable at the fed's target."
"He is supportive of normalizing monetary policy as the fed is doing."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.