Fed's Barkin says rates should move rapidly higher to neutral

Federal Reserve Bank of Richmond President Thomas Barkin

Headlines via Reuters:

• how far the Fed will need to raise rates won't be clear until we get closer to our destination
• Fed will do what it must to address high inflation
• Fed should move rates rapidly to neutral range, then tighten further if needed
• if faced with more periods of 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, fed would need to tighten policy more than has been its recent pattern
• Fed may face more upward inflationary pressures in post-pandemic world
• Fed may be able to avoid "hard landing" by cementing inflation expectations
• increased inflationary pressure poses communication challenges around trade-offs between employment and stable prices