Fed Reserve's Barkin hints at normalizing rates amid credit pullback

<p> Federal Reserve Bank of Richmond President Thomas Barkin remarks being reported. He is sounding vague on moves lower for Fed Funds rates:</p><ul><li>hope to eventually bring interest rates back to normal</li><li>a lot of frenzy has been taken out of the housing market</li><li>seeing banks pull back credit, a not-unexpected outcome</li></ul><p>USD barely changed on these remarks.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.