Fed's Barkin says the US economy will pass pre-covid in Q1 2022

Barkin is speaking at an online event (link is here for live feed)

• US economy will likely return past pre-covid trend this quarter
• its difficult to know if we will return to stable world of the 2010s or not
• I expect elevated goods prices will ease
• we will see month over the next year where 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 will seem muted
• watching wage pressures, which could boost services inflation
• I hope we can get rates back to pre-pandemic levels relatively quickly

Barkin not as hawkish as Bullard was earlier.

Bullard: Favors 100 basis point increase by July 1st