Sunday, June 4, 2023
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Fed's Barkin: Fed will do whatever it takes to get inflation back on target

Richmond Federal Reserve Bank President Thomas Barkin reiterated on Friday that the Fed will do everything it can to restore its inflation target, but acknowledged that it would not happen immediately, Reuters reported.

“We’re starting to see some precautionary softening in business investment,” Barkin added. “Return to normality does not require a sharp drop in economic activity.”

Market reaction

US dollar index edged higher These comments and the last out It is now up 0.45% per day at 107.97.

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