Fed's Barkin: I do believe inflation is coming down, but it will take more time

Fed's Barkin: I do believe inflation is coming down, but it will take more time

FED'S BARKIN: I DO BELIEVE INFLATION IS COMING DOWN, BUT IT WILL TAKE MORE TIME.
— FinancialJuice (@financialjuice) May 16, 2024

Added at 10:15am

FED'S BARKIN: THE QUESTION NOW IS FOR HOW LONG RATES NEED TO BE HELD WHERE THEY ARE TO GET THE REQUIRED IMPACT ON INFLATION.
— FinancialJuice (@financialjuice) May 16, 2024

Added at 10:16am

FED'S BARKIN: THE INFLATION STORY IS MUCH LONGER TERM THAN WHAT HAPPENS IN THE MARKET.
— FinancialJuice (@financialjuice) May 16, 2024

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Fed's Barkin: Businesses are still willing to raise prices
From @financialjuice|May 16, 2024|1 comment
post: FED'S BARKIN: BUSINESSES ARE STILL WILLING TO RAISE PRICES. post: FED'S BARKIN: SERVICES IN PARTICULAR STILL FEEL THEY CAN RAISE PRICES. post: FED'S BARKIN: RETAIL SALES DATA SHOW CONSUMER SPENDING IS GOOD, BUT NOT GREAT. post: FED'S BARKIN: CPI IS STILL NOT WHERE THE FED IS TRYING TO GET. post: FED'S BARKIN: THE EDGE HAS TO COME OFF OF DEMAND MORE TO HIT 2% INFLATION.
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