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Fed's Barkin says U.S. economy still needs support: FT

Published 02/08/2021, 01:48 PM
Updated 02/08/2021, 01:50 PM
© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas

(Reuters) - Richmond Federal Reserve President Thomas Barkin told the Financial Times https://on.ft.com/3p2FEpe newspaper the U.S. economy still needed support despite fears of a jump in prices.

Barkin said he expected "short-term price volatility" but stressed he saw deflationary as well as inflationary risks on the horizon.

"I'm keeping my focus on medium-term (inflation) expectations," Barkin said in the interview published on Monday.

"I still think there are a lot of people out of work who need a bridge to the other side, and I am supportive of what we can do to help them."

Latest comments

Take the 1400 youd give each person and spend that getting vaccines to them.
Why not start soup kitchens? It would be a sure way to keep the bailout money from reaching the stock market.
yes inflate the stock market...
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