Economics
Fed’s Barkin Sees Strong Economy, Not Near Tapering Assets
- No sign of unwanted inflation yet as U.S. rebounds from Covid
- FOMC voter: inflation a multi-year, not one-year, phenomenon
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The U.S. economy is set for a strong 2021 as the pandemic recedes that will push up prices, but there’s no sign yet that this will deliver unwanted inflation or a need to adjust monetary policy, said Federal Reserve Bank of Richmond President Thomas Barkin.
“We are going to see an extremely strong year and I think that strong year is going to lead to price pressures.,” Barkin said Sunday in an interview on Bloomberg Television with Kathleen Hays. “I want to emphasize inflation is not a one-year phenomenon it’s a multi-year phenomenon.”