Richmond Fed President Thomas Barkin said yesterday, “as I talk to participants in the economy, what I hear is they actually want us to do something now about inflation. They’d like us to get back to at least a normal interest-rate posture and not be simulating more demand on top of normal levels. So, I don’t hear much resistance to that.”
“I’d like us to be better positioned,” Barkin said. “Better positioned is somewhere closer to neutral, certainly, than we are now and I think the pace of that just depends on the pace of inflation.”
