Economics
Fed’s Barkin Plays Down Market Swing, Says Focus Is Real Economy
- Investments don’t seem to be affected by yield shift, he says
- Fed payments outage unlikely to happen again, Barkin says
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Federal Reserve Bank of Richmond President Thomas Barkin played down recent Treasury market volatility, in remarks that reinforce the message that the U.S. central bank is not yet troubled by the increase in yields.
“I’m mostly concerned about the labor market,” Barkin said Monday in a Bloomberg Television interview with Michael McKee in answer to a question about turbulence in the bond market. “At these levels of interest rates, when I talk to businesses in my district, I do not hear any sense that people are dialing back their investment.”