Fed's Barkin speaking

Fed's Barkin
  • Expects inflation to moderate over time ro more normal levels
  • Spike in used cars, airline tickets are temporary
  • Says TIPS market showing inflation about 2%
  • Does not know how long supply chain shortages will last
  • There will be a worker supply shortage over the medium-term if demand continues to bounce back. Should see workforce expand in September

Barkin is the president of the Richmond Fed. Barkin is a voting member on the FOMC this year.