More from Fed's Barkin, says firms are aware they have significant pricing power this year

Earlier:

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

More now:

• It seems to me right now that most companies see that they have significant 2022 pricing power
• there is no doubt in my mind that the housing market is heated, or even overheated
• I think that raising rates to and in all likelihood beyond neutral is going to be part of the process
• current framework was significantly informed by the experience of the 2010s
• if you wait to see 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 you have to move faster than you might otherwise move if you were pre-emptive

Wow ... that last bullet point. Did Barking even see the CPI report earlier on Tuesday from the US?????