Fed's Barkin says has bias towards hiking rates more quickly, rather than more slowly

• I have a bias in general towards moving more quickly, rather than more slowly
• It would not surprise me at all for rates to rise above 3.50% and remain there in 2023
• The destination is real rates in positive territory
• The intent is to keep them there until we are convinced that we put inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term to bed
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Barkin also puts emphasis on next week's US CPI data on 13 September as the next clue before their policy decision later this month, noting that the Fed strategy will be akin to "raise and assess, raise and assess". He also plays down recession risks as saying that the definition doesn't have to be "a calamitous decline in activity" but rather it can mean "a rebalancing to get the economy back to normal".