Fed's Barkin: Never count disinflationary forces out
|"I don’t want to declare a long-term shift in the prevailing winds when we still don’t know exactly how the pandemic era will play out," Richmond Fed President Thomas Barkin said at an Atlanta Fed technology conference. "Never count disinflationary forces out."
"Over the last 10 years, our inflation and employment goals have not been in conflict while making policy," Barkin explained, as reported by Reuters. "We will need to be crystal clear that a growing economy and maximum employment require stable prices and that we will remain committed to addressing inflationary gusts."
Market reaction
These comments failed to help the greenback find demand and the US Dollar Index was last seen losing 0.42% on the day at 111.70.
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.