Federal Reserve Bank of Richmond President Thomas Barkin spoke earlier on “The New Job Hierarchy” before the Money Marketeers of New York University:
More from Barkin, Q&A now:
- Fed holding steady at the September FOMC meeting was appropriate
- Fed has time to see
data before deciding what’s next for rates - The path forward depends
on what happens with inflation - Will be watching the job
market closely for clues - Cautions against reading too much into Federal Reserve forecasts
- Says the job market has remained very healthy
- Is not sure how the economy will perform over coming months
- There is still a lot of uncertainty how the Fed’s balance sheet influences the economy