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15.10.2021

Richmond Fed president Barkin says he is open to tapering in November or December - CNBC

  • Says inflation is being driven by autos and energy which is due to supply issues
  • There is risk on the inflation side
  • Thinks there will be extended time period for supply chain issues
  • Expects more workers to come back into market with unemployment expiring and schools open
  • Eventual rate rises depend on inflation and state of the labour market
  • Fed has gone a long way toward meeting inflation and jobs goals

See also